Advyzon Investment Management LLC Purchases New Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Advyzon Investment Management LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 78,003 shares of the company’s stock, valued at approximately $3,910,000. Vanguard Tax-Exempt Bond ETF comprises about 1.5% of Advyzon Investment Management LLC’s holdings, making the stock its 11th biggest holding.

Several other hedge funds also recently modified their holdings of the company. Safe Harbor Fiduciary LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $29,000. Bogart Wealth LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 2,942.1% in the third quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock worth $30,000 after acquiring an additional 559 shares during the last quarter. Peterson Wealth Services acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth approximately $80,000. New Republic Capital LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $83,000. Finally, Eastern Bank bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $86,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $50.14 on Thursday. The company has a 50 day moving average price of $50.09 and a 200 day moving average price of $50.51. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17.

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 paid a dividend of $0.1317 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change 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.