Park Avenue Securities LLC Has $7.48 Million Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Park Avenue Securities LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,804 shares of the company’s stock after acquiring an additional 13,646 shares during the quarter. Park Avenue Securities LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $7,483,000 at the end of the most recent reporting period.

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

Vanguard Tax-Exempt Bond ETF Stock Down 0.9%

Shares of NYSEARCA VTEB opened at $49.80 on Friday. Vanguard Tax-Exempt Bond ETF has a 1 year low of $47.02 and a 1 year high of $51.18. The firm’s 50-day moving average is $50.61 and its 200-day moving average is $50.36.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm 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 an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a 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.