Brookstone Capital Management Grows Position in Vanguard Tax-Exempt Bond ETF $VTEB

Brookstone Capital Management grew its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 11.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 506,744 shares of the company’s stock after acquiring an additional 51,388 shares during the quarter. Brookstone Capital Management’s holdings in Vanguard Tax-Exempt Bond ETF were worth $25,484,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VTEB. JPL Wealth Management LLC bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the third quarter worth $28,000. Lowe Wealth Advisors LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter valued at $29,000. United Financial Planning Group LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the third quarter valued at $37,000.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTEB opened at $49.77 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $51.18. The firm has a fifty day simple moving average of $50.50 and a two-hundred day simple moving average of $50.38.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.