Acorn Wealth Advisors LLC Reduces Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Acorn Wealth Advisors LLC trimmed its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 24.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,612 shares of the company’s stock after selling 1,800 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $281,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of VTEB. Charles Schwab Investment Management Inc. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.3% in the third 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 during the last quarter. Franklin Resources Inc. grew its holdings 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 acquiring an additional 818,486 shares during the last quarter. LPL Financial LLC grew its holdings 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 acquiring an additional 433,676 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 6.1% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock valued at $192,395,000 after acquiring an additional 219,309 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.2% during the third quarter. US Bancorp DE now owns 3,416,227 shares of the company’s stock valued at $174,637,000 after acquiring an additional 41,437 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.54 on Wednesday. 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 moving average is $50.08 and its 200 day moving average is $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders 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 was Monday, February 3rd.

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.