Schneider Downs Wealth Management Advisors LP Buys 71,053 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Schneider Downs Wealth Management Advisors LP increased its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 178.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,781 shares of the company’s stock after buying an additional 71,053 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises approximately 1.0% of Schneider Downs Wealth Management Advisors LP’s holdings, making the stock its 23rd largest holding. Schneider Downs Wealth Management Advisors LP’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,553,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Safe Harbor Fiduciary LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth $29,000. Advantage Trust Co bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $42,000. Cromwell Holdings LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $48,000. Peterson Wealth Services bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $80,000. Finally, New Republic Capital LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter worth $83,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

NYSEARCA:VTEB opened at $50.61 on Thursday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17. The stock has a fifty day simple moving average of $50.09 and a 200-day simple moving average of $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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