Verus Financial Partners Inc. Raises Holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Verus Financial Partners Inc. grew its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 237,545 shares of the company’s stock after purchasing an additional 7,792 shares during the period. Vanguard Tax-Exempt Bond ETF makes up 1.3% of Verus Financial Partners Inc.’s investment portfolio, making the stock its 14th largest position. Verus Financial Partners Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $11,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VTEB. Chicago Partners Investment Group LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 93.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 66,459 shares of the company’s stock valued at $3,318,000 after acquiring an additional 32,097 shares during the period. Brewster Financial Planning LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 85.0% during the fourth quarter. Brewster Financial Planning LLC now owns 24,070 shares of the company’s stock worth $1,207,000 after purchasing an additional 11,058 shares in the last quarter. Waldron Private Wealth LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.2% in the fourth quarter. Waldron Private Wealth LLC now owns 1,174,659 shares of the company’s stock valued at $58,886,000 after purchasing an additional 13,618 shares in the last quarter. Trinity Wealth Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $547,000. Finally, BTC Capital Management Inc. acquired a new stake in Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $2,213,000.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $50.13 on Friday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17. The company has a fifty day simple moving average of $50.31 and a two-hundred day simple moving average of $50.54.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.1317 per share. This is an increase 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.