Vanguard Tax-Exempt Bond ETF $VTEB Shares Bought by MGO Private Wealth LLC

MGO Private Wealth LLC raised its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 20.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,289 shares of the company’s stock after buying an additional 15,552 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up approximately 2.7% of MGO Private Wealth LLC’s investment portfolio, making the stock its 11th largest position. MGO Private Wealth LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VTEB. Eclectic Associates Inc. ADV increased its position in shares of Vanguard Tax-Exempt Bond ETF by 89.5% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock worth $2,547,000 after purchasing an additional 24,014 shares during the last quarter. Allen Capital Group LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 178.5% in the third quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock valued at $1,270,000 after buying an additional 16,255 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in Vanguard Tax-Exempt Bond ETF by 1,681.1% during the third quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock worth $29,747,000 after buying an additional 560,755 shares during the period. New York Life Investment Management LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 15.1% during the third quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock worth $42,865,000 after buying an additional 112,023 shares during the period. Finally, Compound Planning Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 16.2% during the third quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock valued at $16,683,000 after acquiring an additional 46,505 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Vanguard Tax-Exempt Bond ETF stock opened at $50.36 on Friday. The company’s 50 day simple moving average is $50.64 and its 200-day simple moving average is $50.31. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1487 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 3.5%.

Vanguard Tax-Exempt Bond ETF Profile

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.