Brewster Financial Planning LLC Buys 11,058 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Brewster Financial Planning LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 85.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,070 shares of the company’s stock after purchasing an additional 11,058 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for approximately 0.9% of Brewster Financial Planning LLC’s portfolio, making the stock its 9th biggest holding. Brewster Financial Planning LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,207,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after buying an additional 1,003,475 shares in the last quarter. Raymond James & Associates increased its stake in Vanguard Tax-Exempt Bond ETF by 0.4% in the third quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock valued at $918,595,000 after purchasing an additional 75,969 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after purchasing an additional 818,486 shares during the period. LPL Financial LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock worth $255,092,000 after purchasing an additional 433,676 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 6.1% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,837,927 shares of the company’s stock valued at $192,395,000 after buying an additional 219,309 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2 %

VTEB stock opened at $50.13 on Friday. The stock’s 50 day simple moving average is $50.31 and its 200 day simple moving average is $50.54. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.