Lutz Financial Services LLC Has $70.21 Million Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Lutz Financial Services LLC boosted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,400,550 shares of the company’s stock after purchasing an additional 60,445 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 5.7% of Lutz Financial Services LLC’s investment portfolio, making the stock its 5th biggest position. Lutz Financial Services LLC owned approximately 0.22% of Vanguard Tax-Exempt Bond ETF worth $70,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after purchasing an additional 1,003,475 shares in the last quarter. Franklin Resources Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after purchasing an additional 818,486 shares in the last quarter. LPL Financial LLC grew its position in Vanguard Tax-Exempt Bond ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after purchasing an additional 433,676 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its position in Vanguard Tax-Exempt Bond ETF by 6.1% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock worth $192,395,000 after purchasing an additional 219,309 shares in the last quarter. Finally, US Bancorp DE grew its position in Vanguard Tax-Exempt Bond ETF by 1.2% in the 3rd quarter. US Bancorp DE now owns 3,416,227 shares of the company’s stock worth $174,637,000 after purchasing an additional 41,437 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.3 %

Shares of VTEB stock opened at $50.36 on Friday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17. The company has a 50-day simple moving average of $50.08 and a two-hundred day simple moving average of $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a $0.1317 dividend. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, February 3rd.

About Vanguard Tax-Exempt Bond ETF

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.