Axxcess Wealth Management LLC Has $5.91 Million Stock Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Axxcess Wealth Management LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,930 shares of the company’s stock after acquiring an additional 1,261 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,912,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Vanguard Tax-Exempt Bond ETF during the fourth quarter worth approximately $1,041,552,000. Life Planning Partners Inc boosted its holdings in Vanguard Tax-Exempt Bond ETF by 3,575.6% during the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock worth $69,578,000 after purchasing an additional 1,350,188 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock worth $1,638,063,000 after acquiring an additional 1,116,602 shares during the period. Franklin Resources Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after buying an additional 818,486 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 41.7% during the 4th quarter. HighTower Advisors LLC now owns 2,777,472 shares of the company’s stock worth $139,235,000 after purchasing an additional 817,486 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

Shares of NYSEARCA:VTEB opened at $49.82 on Wednesday. The company has a 50-day moving average price of $50.09 and a two-hundred day moving average price of $50.44. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

Vanguard Tax-Exempt Bond ETF Company 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.