Florida Trust Wealth Management Co Increases Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Florida Trust Wealth Management Co boosted its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 61.1% in the 4th quarter, Holdings Channel reports. The firm owned 193,827 shares of the company’s stock after purchasing an additional 73,512 shares during the period. Florida Trust Wealth Management Co’s holdings in Vanguard Tax-Exempt Bond ETF were worth $9,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of VTEB. JPL Wealth Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter worth $25,000. Fairway Wealth LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $28,000. Lowe Wealth Advisors LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at about $29,000. United Financial Planning Group LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth about $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the third quarter worth about $37,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.00 on Friday. The stock’s 50-day moving average price is $50.46 and its 200 day moving average price is $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 announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.1487 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.