Strategic Financial Concepts LLC Makes New Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Strategic Financial Concepts LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 31,661 shares of the company’s stock, valued at approximately $1,587,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ledyard National Bank acquired a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $230,000. 1900 Wealth Management LLC boosted its stake in Vanguard Tax-Exempt Bond ETF by 1.6% in the fourth quarter. 1900 Wealth Management LLC now owns 188,280 shares of the company’s stock valued at $9,438,000 after acquiring an additional 3,044 shares during the last quarter. Glassy Mountain Advisors Inc. boosted its stake in Vanguard Tax-Exempt Bond ETF by 2.8% in the fourth quarter. Glassy Mountain Advisors Inc. now owns 39,942 shares of the company’s stock valued at $2,002,000 after acquiring an additional 1,091 shares during the last quarter. Oakworth Capital Inc. raised its holdings in Vanguard Tax-Exempt Bond ETF by 438.2% in the fourth quarter. Oakworth Capital Inc. now owns 16,893 shares of the company’s stock worth $847,000 after purchasing an additional 13,754 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in Vanguard Tax-Exempt Bond ETF by 18.4% in the fourth quarter. Financial Advocates Investment Management now owns 18,871 shares of the company’s stock worth $946,000 after purchasing an additional 2,937 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTEB opened at $50.24 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month high of $51.17. The company’s fifty day simple moving average is $50.23 and its 200 day simple moving average is $50.53.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.1317 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

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.