Financial Architects LLC Increases Stock Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Financial Architects LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 6.4% during the fourth quarter, HoldingsChannel reports. The firm owned 29,355 shares of the company’s stock after purchasing an additional 1,775 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up about 0.9% of Financial Architects LLC’s investment portfolio, making the stock its 15th largest position. Financial Architects LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTEB. Merkkuri Wealth Advisors LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 1.8% during the third quarter. Merkkuri Wealth Advisors LLC now owns 11,451 shares of the company’s stock valued at $585,000 after purchasing an additional 202 shares during the period. FSC Wealth Advisors LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.3% in the fourth quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock worth $343,000 after acquiring an additional 216 shares during the last quarter. Cypress Wealth Services LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 0.7% during the fourth quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock worth $1,588,000 after buying an additional 223 shares in the last quarter. Family Investment Center Inc. grew its stake in Vanguard Tax-Exempt Bond ETF by 4.1% during the 4th quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock valued at $283,000 after acquiring an additional 223 shares in the last quarter. Finally, Allen Capital Group LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 4.0% in the fourth quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock valued at $299,000 after purchasing an additional 227 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.4 %

NYSEARCA VTEB opened at $50.36 on Thursday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17. The business’s fifty day simple moving average is $50.27 and its 200-day simple moving average is $50.54.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1317 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.