Stairway Partners LLC Grows Position in Vanguard Tax-Exempt Bond ETF $VTEB

Stairway Partners LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 16.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 364,720 shares of the company’s stock after acquiring an additional 50,439 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 0.9% of Stairway Partners LLC’s holdings, making the stock its 17th biggest position. Stairway Partners LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $18,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VTEB. JPMorgan Chase & Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after acquiring an additional 30,774,028 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $347,641,000. Betterment LLC raised its position in Vanguard Tax-Exempt Bond ETF by 1,261.4% in the 3rd quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock valued at $329,128,000 after purchasing an additional 6,090,513 shares during the last quarter. Corient Private Wealth LLC raised its position in Vanguard Tax-Exempt Bond ETF by 87.6% in the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after purchasing an additional 3,458,654 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Vanguard Tax-Exempt Bond ETF by 49.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after purchasing an additional 3,187,040 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.23 on Friday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.18. The company’s fifty day moving average is $50.62 and its two-hundred day moving average is $50.35.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.1487 per share. This is an increase 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 of this dividend was Monday, March 2nd.

Vanguard Tax-Exempt Bond ETF Company 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.