Prestige Wealth Management Group LLC Has $3.42 Million Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Prestige Wealth Management Group LLC grew its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,263 shares of the company’s stock after buying an additional 1,023 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,422,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 3.5% during 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. bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $1,041,552,000. Brooklyn FI LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 6,485.4% during the fourth 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 period. TIAA Trust National Association boosted its holdings in Vanguard Tax-Exempt Bond ETF by 17.5% in the fourth 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 during the last quarter. Finally, LPL Financial LLC increased its position in Vanguard Tax-Exempt Bond ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 5,411,784 shares of the company’s stock worth $271,293,000 after purchasing an additional 421,714 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $49.68 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17. The business has a 50-day moving average price of $50.09 and a two-hundred day moving average price of $50.41.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued 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, March 3rd.

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.