Summit Financial LLC Boosts Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Summit Financial LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 275,835 shares of the company’s stock after buying an additional 19,529 shares during the period. Summit Financial LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $13,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VTEB. Safe Harbor Fiduciary LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth about $29,000. Advantage Trust Co bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth approximately $42,000. Cromwell Holdings LLC purchased a new position in Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $48,000. Millstone Evans Group LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth $57,000. Finally, Peterson Wealth Services bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at $80,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.6 %

Shares of NYSEARCA VTEB opened at $49.54 on Monday. The business’s fifty day moving average price is $50.06 and its 200-day moving average price is $50.37. Vanguard Tax-Exempt Bond ETF has a one year low of $49.24 and a one year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 3rd.

About Vanguard Tax-Exempt Bond ETF

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.