Rochester Wealth Strategies LLC Has $6.99 Million Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Rochester Wealth Strategies LLC lifted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,534 shares of the company’s stock after purchasing an additional 13,127 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises approximately 4.6% of Rochester Wealth Strategies LLC’s holdings, making the stock its 9th largest position. Rochester Wealth Strategies LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $6,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $28,000. Lowe Wealth Advisors LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth $29,000. Sound Income Strategies LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,500.0% in the third quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock worth $42,000 after acquiring an additional 780 shares during the last quarter. Bogart Wealth LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 41.9% during the third quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $47,000 after acquiring an additional 279 shares in the last quarter. Finally, Avalon Trust Co bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at $49,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

VTEB opened at $50.93 on Friday. The stock has a 50-day moving average price of $50.51 and a 200-day moving average price of $50.13. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $50.94.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.1398 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.3%.

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.