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

Salomon & Ludwin LLC boosted its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.3% during the fourth quarter, Holdings Channel reports. The fund owned 516,670 shares of the company’s stock after acquiring an additional 16,320 shares during the period. Vanguard Tax-Exempt Bond ETF comprises 2.7% of Salomon & Ludwin LLC’s holdings, making the stock its 9th biggest holding. Salomon & Ludwin LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $25,901,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 3.3% in the third 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 period. Raymond James & Associates increased its holdings in Vanguard Tax-Exempt Bond ETF by 0.4% during the 3rd quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock valued at $918,595,000 after purchasing an additional 75,969 shares during the period. Franklin Resources Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after purchasing an additional 818,486 shares during the period. LPL Financial LLC raised its position 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 valued at $255,092,000 after purchasing an additional 433,676 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 6.1% in 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 period.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

NYSEARCA:VTEB opened at $50.19 on Friday. The firm’s fifty day simple moving average is $50.16 and its 200 day simple moving average is $50.52. 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 company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a $0.1317 dividend. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, February 3rd.

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.