Vanguard Tax-Exempt Bond ETF $VTEB Shares Bought by Rainier Family Wealth Inc.

Rainier Family Wealth Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 49.8% in the 4th quarter, Holdings Channel reports. The firm owned 39,090 shares of the company’s stock after acquiring an additional 13,002 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises approximately 1.5% of Rainier Family Wealth Inc.’s holdings, making the stock its 21st biggest position. Rainier Family Wealth Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPL Wealth Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth approximately $25,000. Fairway Wealth LLC acquired 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 position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $29,000. United Financial Planning Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth $37,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.00 on Friday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.18. The stock’s fifty day moving average is $50.46 and its two-hundred day moving average is $50.38.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.