Magnolia Private Wealth LLC Makes New Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Magnolia Private Wealth LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,560 shares of the company’s stock, valued at approximately $1,231,000. Vanguard Tax-Exempt Bond ETF accounts for 0.7% of Magnolia Private Wealth LLC’s portfolio, making the stock its 24th largest holding.

A number of other institutional investors have also recently made changes to their positions in VTEB. Sincerus Advisory LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth approximately $2,000,000. LifeGoal Wealth Advisors bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at $1,540,000. Siligmueller & Norvid Wealth Advisors LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth $727,000. Lake Street Advisors Group LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 65.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 16,828 shares of the company’s stock worth $844,000 after buying an additional 6,648 shares during the last quarter. Finally, Summit Wealth Group LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 90.6% in the fourth quarter. Summit Wealth Group LLC now owns 154,084 shares of the company’s stock worth $7,724,000 after acquiring an additional 73,254 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock opened at $50.54 on Wednesday. The business’s 50-day moving average is $50.08 and its two-hundred day moving average is $50.50. 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 firm also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a dividend of $0.1317 per share. 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.

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.