West Financial Advisors LLC Trims Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

West Financial Advisors LLC decreased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,074,039 shares of the company’s stock after selling 61,706 shares during the period. Vanguard Tax-Exempt Bond ETF makes up approximately 9.1% of West Financial Advisors LLC’s holdings, making the stock its 4th largest holding. West Financial Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $54,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Eclectic Associates Inc. ADV grew its position in Vanguard Tax-Exempt Bond ETF by 89.5% during the third quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock valued at $2,547,000 after acquiring an additional 24,014 shares during the last quarter. Allen Capital Group LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 178.5% during the third quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock worth $1,270,000 after acquiring an additional 16,255 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,681.1% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock worth $29,747,000 after acquiring an additional 560,755 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 15.1% in the 3rd quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock worth $42,865,000 after acquiring an additional 112,023 shares during the last quarter. Finally, Compound Planning Inc. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 16.2% in the 3rd quarter. Compound Planning Inc. now owns 333,192 shares of the company’s stock valued at $16,683,000 after purchasing an additional 46,505 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2%

VTEB stock opened at $49.63 on Friday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.18. The firm’s fifty day moving average is $50.54 and its 200 day moving average is $50.37.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1487 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. 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.