Jordan Park Group LLC Invests $23.29 Million in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Jordan Park Group LLC acquired a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 464,541 shares of the company’s stock, valued at approximately $23,287,000. Vanguard Tax-Exempt Bond ETF accounts for approximately 1.7% of Jordan Park Group LLC’s investment portfolio, making the stock its 11th largest holding.

A number of other institutional investors have also made changes to their positions in the business. Advyzon Investment Management LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter worth $3,910,000. Wealth Alliance lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 2.1% in the fourth quarter. Wealth Alliance now owns 71,407 shares of the company’s stock worth $3,580,000 after purchasing an additional 1,484 shares in the last quarter. Jacobson & Schmitt Advisors LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 13.8% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 184,147 shares of the company’s stock worth $9,231,000 after purchasing an additional 22,363 shares in the last quarter. Sterling Financial Planning Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 22.6% during the fourth quarter. Sterling Financial Planning Inc. now owns 62,472 shares of the company’s stock worth $3,132,000 after buying an additional 11,509 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 7.9% during the fourth quarter. Private Advisor Group LLC now owns 241,964 shares of the company’s stock worth $12,130,000 after buying an additional 17,650 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.14 on Thursday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $49.49 and a 1-year high of $51.17. The company’s fifty day simple moving average is $50.09 and its 200 day simple moving average is $50.51.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued 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 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.