Vanguard Tax-Exempt Bond ETF $VTEB Shares Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC raised its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 27.4% during the 3rd quarter, Holdings Channel reports. The firm owned 80,237 shares of the company’s stock after buying an additional 17,244 shares during the quarter. Meridian Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Strategies Group Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 3.6% during the 3rd quarter. Financial Strategies Group Inc. now owns 45,490 shares of the company’s stock valued at $2,289,000 after buying an additional 1,564 shares in the last quarter. Carrera Capital Advisors raised its position in Vanguard Tax-Exempt Bond ETF by 11.0% during the third quarter. Carrera Capital Advisors now owns 12,045 shares of the company’s stock worth $603,000 after acquiring an additional 1,189 shares during the period. Mutual Advisors LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 41.8% during the third quarter. Mutual Advisors LLC now owns 31,627 shares of the company’s stock valued at $1,598,000 after purchasing an additional 9,316 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Vanguard Tax-Exempt Bond ETF by 106.2% in the third quarter. Thrivent Financial for Lutherans now owns 80,956 shares of the company’s stock valued at $4,053,000 after purchasing an additional 41,688 shares during the period. Finally, Cutler Investment Counsel LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 27.9% in the third quarter. Cutler Investment Counsel LLC now owns 22,944 shares of the company’s stock valued at $1,149,000 after purchasing an additional 5,000 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.56 on Monday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $50.68. The company has a 50-day moving average price of $50.38 and a 200 day moving average price of $49.93.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.1398 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

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.