Bernard Wealth Management Corp. Takes Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Bernard Wealth Management Corp. purchased a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,750 shares of the company’s stock, valued at approximately $89,000.

Several other hedge funds have also recently bought and sold shares of VTEB. JPMorgan Chase & Co. grew its holdings in Vanguard Tax-Exempt Bond ETF by 5.4% in the fourth quarter. JPMorgan Chase & Co. now owns 78,695,639 shares of the company’s stock valued at $3,945,012,000 after purchasing an additional 4,022,038 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock worth $1,638,063,000 after buying an additional 1,116,602 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth about $1,041,552,000. Brooklyn FI LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 6,485.4% in the 4th quarter. Brooklyn FI LLC now owns 16,565,228 shares of the company’s stock valued at $837,418,000 after acquiring an additional 16,313,682 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in Vanguard Tax-Exempt Bond ETF by 17.5% during the 4th quarter. TIAA Trust National Association now owns 15,533,140 shares of the company’s stock valued at $778,677,000 after acquiring an additional 2,308,219 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 2.0 %

Shares of NYSEARCA VTEB opened at $48.85 on Tuesday. The firm’s 50-day moving average is $50.01 and its two-hundred day moving average is $50.31. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.63 and a 12-month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.1317 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.