Prospect Financial Group LLC Invests $623,000 in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Prospect Financial Group LLC purchased a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,425 shares of the company’s stock, valued at approximately $623,000.

Several other hedge funds have also bought and sold shares of VTEB. FSC Wealth Advisors LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the fourth quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock valued at $343,000 after purchasing an additional 216 shares during the last quarter. Cypress Wealth Services LLC increased its position in Vanguard Tax-Exempt Bond ETF by 0.7% during the 4th quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock valued at $1,588,000 after buying an additional 223 shares in the last quarter. Family Investment Center Inc. raised its stake in Vanguard Tax-Exempt Bond ETF by 4.1% during the fourth quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock valued at $283,000 after buying an additional 223 shares during the last quarter. Allen Capital Group LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 4.0% in the fourth quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock worth $299,000 after acquiring an additional 227 shares in the last quarter. Finally, Lpwm LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.5% in the fourth quarter. Lpwm LLC now owns 16,792 shares of the company’s stock worth $842,000 after acquiring an additional 245 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEB opened at $49.68 on Tuesday. The business has a fifty day moving average price of $50.09 and a 200-day moving average price of $50.41. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced 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 boost 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.