Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by JMG Financial Group Ltd.

JMG Financial Group Ltd. lessened its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 36.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,394 shares of the company’s stock after selling 2,569 shares during the quarter. JMG Financial Group Ltd.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VTEB. Life Planning Partners Inc increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% during the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock worth $69,578,000 after acquiring an additional 1,350,188 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after acquiring an additional 1,003,475 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after buying an additional 818,486 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 35.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after acquiring an additional 535,526 shares during the last quarter. Finally, Jordan Park Group LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth about $23,287,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.2 %

NYSEARCA VTEB opened at $50.22 on Friday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17. The business’s 50-day simple moving average is $50.08 and its 200-day simple moving average is $50.51.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.