Schneider Downs Wealth Management Advisors LP Increases Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Schneider Downs Wealth Management Advisors LP boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 178.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 110,781 shares of the company’s stock after purchasing an additional 71,053 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 1.0% of Schneider Downs Wealth Management Advisors LP’s portfolio, making the stock its 23rd biggest position. Schneider Downs Wealth Management Advisors LP’s holdings in Vanguard Tax-Exempt Bond ETF were worth $5,553,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VTEB. Safe Harbor Fiduciary LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $29,000. Advantage Trust Co acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $42,000. Cromwell Holdings LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $48,000. Peterson Wealth Services acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $80,000. Finally, New Republic Capital LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $83,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1 %

Shares of NYSEARCA VTEB opened at $50.61 on Thursday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $49.49 and a 12 month high of $51.17. The firm’s 50 day simple moving average is $50.09 and its 200-day simple moving average is $50.50.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1317 per share. This is a boost 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.