Souders Financial Advisors Acquires 2,314 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Souders Financial Advisors increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,980 shares of the company’s stock after buying an additional 2,314 shares during the quarter. Souders Financial Advisors’ holdings in Vanguard Tax-Exempt Bond ETF were worth $1,503,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 3.5% in 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 purchasing an additional 1,116,602 shares during the period. Franklin Resources Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 18.2% in the 3rd 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. LPL Financial LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock valued at $255,092,000 after buying an additional 433,676 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6.1% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock worth $192,395,000 after acquiring an additional 219,309 shares during the period. Finally, US Bancorp DE boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 4.9% during the 4th quarter. US Bancorp DE now owns 3,583,701 shares of the company’s stock worth $179,651,000 after acquiring an additional 167,474 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $50.30 on Wednesday. The firm has a 50 day simple moving average of $50.13 and a two-hundred day simple moving average of $50.49. Vanguard Tax-Exempt Bond ETF has a one year low of $49.49 and a one year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be given 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 is Monday, March 3rd.

Vanguard Tax-Exempt Bond ETF 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.