Phillips Financial Management LLC Sells 1,587 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Phillips Financial Management LLC trimmed its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,876 shares of the company’s stock after selling 1,587 shares during the period. Phillips Financial Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,052,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VTEB. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 7.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,074,230 shares of the company’s stock worth $53,851,000 after acquiring an additional 74,859 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 4.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,238,124 shares of the company’s stock worth $62,067,000 after buying an additional 50,276 shares during the last quarter. DecisionMap Wealth Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth approximately $259,000. CFO4Life Group LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.6% in the 4th quarter. CFO4Life Group LLC now owns 20,150 shares of the company’s stock worth $1,010,000 after acquiring an additional 694 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 37.4% during the fourth quarter. HBK Sorce Advisory LLC now owns 677,785 shares of the company’s stock valued at $33,977,000 after buying an additional 184,384 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB stock opened at $49.77 on Thursday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.49 and a 12-month high of $51.17. The firm’s 50-day moving average price is $50.12 and its two-hundred day moving average price is $50.46.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.