Chemistry Wealth Management LLC Makes New Investment in Vanguard Tax-Exempt Bond ETF $VTEB

Chemistry Wealth Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,530 shares of the company’s stock, valued at approximately $1,385,000.

Several other large investors also recently made changes to their positions in VTEB. JPMorgan Chase & Co. increased its holdings in Vanguard Tax-Exempt Bond ETF by 39.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after purchasing an additional 30,774,028 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth approximately $347,641,000. Betterment LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 1,261.4% during the third quarter. Betterment LLC now owns 6,573,354 shares of the company’s stock worth $329,128,000 after buying an additional 6,090,513 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 87.6% during the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock worth $363,056,000 after purchasing an additional 3,458,654 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Vanguard Tax-Exempt Bond ETF by 49.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 9,591,400 shares of the company’s stock worth $480,241,000 after buying an additional 3,187,040 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.23 on Friday. The stock’s fifty day simple moving average is $50.62 and its 200 day simple moving average is $50.35. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.