Salomon & Ludwin LLC Has $25.90 Million Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Salomon & Ludwin LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 516,670 shares of the company’s stock after buying an additional 16,320 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises approximately 2.7% of Salomon & Ludwin LLC’s investment portfolio, making the stock its 9th biggest position. Salomon & Ludwin LLC owned about 0.08% of Vanguard Tax-Exempt Bond ETF worth $25,901,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Merkkuri Wealth Advisors LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 1.8% during the third quarter. Merkkuri Wealth Advisors LLC now owns 11,451 shares of the company’s stock worth $585,000 after buying an additional 202 shares during the last quarter. FSC Wealth Advisors LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the 4th quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock valued at $343,000 after acquiring an additional 216 shares during the period. Cypress Wealth Services LLC increased its stake in shares of 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 worth $1,588,000 after purchasing an additional 223 shares during the last quarter. Family Investment Center Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 4.1% in the 4th quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock worth $283,000 after purchasing an additional 223 shares during the period. Finally, Allen Capital Group LLC lifted its stake 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 valued at $299,000 after purchasing an additional 227 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

VTEB stock opened at $50.19 on Friday. The stock has a fifty day moving average of $50.16 and a 200-day moving average of $50.52. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a dividend of $0.1317 per share. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, February 3rd.

About Vanguard Tax-Exempt Bond ETF

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.