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

Summit Wealth Group LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 90.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,084 shares of the company’s stock after buying an additional 73,254 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for 2.2% of Summit Wealth Group LLC’s investment portfolio, making the stock its 13th biggest position. Summit Wealth Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $7,724,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in VTEB. Life Planning Partners Inc grew its position in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% in the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after purchasing an additional 1,350,188 shares during the period. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 1,003,475 shares during the period. Franklin Resources Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 18.2% in the third 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. Wealth Enhancement Advisory Services LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 35.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock valued at $104,367,000 after purchasing an additional 535,526 shares during the period. Finally, Jordan Park Group LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at $23,287,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.4 %

Shares of NYSEARCA:VTEB opened at $50.54 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17. The business has a fifty day simple moving average of $50.08 and a 200-day simple moving average of $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.