Towneley Capital Management Inc DE Buys 178,004 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Towneley Capital Management Inc DE boosted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 151.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,540 shares of the company’s stock after acquiring an additional 178,004 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for 3.5% of Towneley Capital Management Inc DE’s portfolio, making the stock its 11th largest position. Towneley Capital Management Inc DE’s holdings in Vanguard Tax-Exempt Bond ETF were worth $14,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Merkkuri Wealth Advisors LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the third quarter. Merkkuri Wealth Advisors LLC now owns 11,451 shares of the company’s stock valued at $585,000 after purchasing an additional 202 shares in the last quarter. FSC Wealth Advisors LLC raised its position in Vanguard Tax-Exempt Bond ETF by 3.3% in the 4th quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock valued at $343,000 after buying an additional 216 shares during the last quarter. Cypress Wealth Services LLC lifted its stake in Vanguard Tax-Exempt Bond ETF by 0.7% in the 4th quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock valued at $1,588,000 after acquiring an additional 223 shares in the last quarter. Family Investment Center Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 4.1% during the 4th quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock worth $283,000 after acquiring an additional 223 shares during the last quarter. Finally, Allen Capital Group LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.0% during the 4th quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock worth $299,000 after acquiring an additional 227 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.0 %

NYSEARCA VTEB opened at $50.24 on Tuesday. The firm’s 50 day moving average is $50.23 and its 200-day moving average is $50.53. Vanguard Tax-Exempt Bond ETF has a 12-month low of $49.49 and a 12-month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

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

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.