Vanguard Tax-Exempt Bond ETF $VTEB Stake Lifted by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc increased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 18.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,890 shares of the company’s stock after purchasing an additional 38,614 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for about 1.0% of Texas Capital Bank Wealth Management Services Inc’s investment portfolio, making the stock its 21st largest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Vanguard Tax-Exempt Bond ETF were worth $12,262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VTEB. JPMorgan Chase & Co. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 39.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock valued at $5,297,618,000 after purchasing an additional 30,774,028 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Vanguard Tax-Exempt Bond ETF by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,166,659 shares of the company’s stock valued at $1,724,221,000 after buying an additional 669,274 shares in the last quarter. Creative Planning grew its holdings in Vanguard Tax-Exempt Bond ETF by 2.7% during the second quarter. Creative Planning now owns 26,851,781 shares of the company’s stock worth $1,316,543,000 after acquiring an additional 702,763 shares during the period. Wealthfront Advisers LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 6.4% during the third quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock worth $1,114,764,000 after acquiring an additional 1,347,394 shares during the period. Finally, Raymond James Financial Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 0.7% in the second quarter. Raymond James Financial Inc. now owns 21,831,076 shares of the company’s stock worth $1,070,378,000 after acquiring an additional 141,078 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEB opened at $50.36 on Friday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $51.18. The firm has a 50-day moving average of $50.64 and a two-hundred day moving average of $50.31.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.1487 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, March 2nd. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

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.