Summit Wealth Group LLC Grows Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Summit Wealth Group LLC grew its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 90.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 154,084 shares of the company’s stock after acquiring an additional 73,254 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 2.2% of Summit Wealth Group LLC’s investment portfolio, making the stock its 13th biggest holding. Summit Wealth Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $7,724,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock valued at $1,613,332,000 after acquiring an additional 1,003,475 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after acquiring an additional 818,486 shares during the last quarter. LPL Financial LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after buying an additional 433,676 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 6.1% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock worth $192,395,000 after buying an additional 219,309 shares during the last quarter. Finally, US Bancorp DE grew its stake in Vanguard Tax-Exempt Bond ETF by 1.2% during the 3rd quarter. US Bancorp DE now owns 3,416,227 shares of the company’s stock worth $174,637,000 after buying an additional 41,437 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.54 on Wednesday. The stock’s 50 day moving average price is $50.08 and its 200 day moving average price is $50.50. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.49 and a 52-week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.