Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Stake Lessened by Cascade Financial Partners LLC

Cascade Financial Partners LLC decreased its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,129 shares of the company’s stock after selling 640 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 0.9% of Cascade Financial Partners LLC’s holdings, making the stock its 20th biggest position. Cascade Financial Partners LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $7,025,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at about $1,041,552,000. Life Planning Partners Inc increased its stake in Vanguard Tax-Exempt Bond ETF by 3,575.6% in the 4th quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after buying an additional 1,350,188 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock worth $1,638,063,000 after buying an additional 1,116,602 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after buying an additional 818,486 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 19.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,442,958 shares of the company’s stock valued at $172,596,000 after acquiring an additional 570,671 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $49.95 on Wednesday. The stock has a fifty day moving average price of $50.13 and a 200 day moving average price of $50.47. Vanguard Tax-Exempt Bond ETF has a 1 year low of $49.49 and a 1 year high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.1317 dividend. This is a boost from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 3rd.

Vanguard Tax-Exempt Bond ETF 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.