IFP Advisors Inc Grows Stake in Vanguard Tax-Exempt Bond ETF $VTEB

IFP Advisors Inc raised its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,848 shares of the company’s stock after purchasing an additional 16,970 shares during the period. IFP Advisors Inc’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at $25,000. Fairway Wealth LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $28,000. Lowe Wealth Advisors LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth about $29,000. United Financial Planning Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth about $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth about $37,000.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.23 on Friday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.18. The company’s 50-day simple moving average is $50.62 and its two-hundred day simple moving average is $50.35.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1487 per share. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd.

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.