Members Trust Co Has $118.87 Million Position in Vanguard Tax-Exempt Bond ETF $VTEB

Members Trust Co increased its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,363,691 shares of the company’s stock after purchasing an additional 15,082 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up approximately 3.9% of Members Trust Co’s holdings, making the stock its 9th largest holding. Members Trust Co owned about 0.28% of Vanguard Tax-Exempt Bond ETF worth $118,870,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its position in Vanguard Tax-Exempt Bond ETF by 1.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 35,747,656 shares of the company’s stock valued at $1,789,885,000 after purchasing an additional 580,997 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 6.4% in the 3rd quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock worth $1,114,764,000 after buying an additional 1,347,394 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the 3rd quarter. Raymond James Financial Inc. now owns 22,217,280 shares of the company’s stock worth $1,112,419,000 after buying an additional 386,204 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 14.4% during the third quarter. TIAA Trust National Association now owns 14,255,500 shares of the company’s stock valued at $713,772,000 after buying an additional 1,799,750 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.0% during the third quarter. Sei Investments Co. now owns 13,859,052 shares of the company’s stock valued at $693,922,000 after buying an additional 654,293 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $49.89 on Wednesday. The business has a 50 day moving average of $50.49 and a 200 day moving average of $50.38. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1487 dividend. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.6%.

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.