Kuhn & Co Investment Counsel Raises Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Kuhn & Co Investment Counsel raised its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 38,439 shares of the company’s stock after buying an additional 1,999 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises 1.6% of Kuhn & Co Investment Counsel’s investment portfolio, making the stock its 14th largest position. Kuhn & Co Investment Counsel’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VTEB. Claro Advisors LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 30.6% in the third quarter. Claro Advisors LLC now owns 21,682 shares of the company’s stock valued at $1,108,000 after acquiring an additional 5,075 shares in the last quarter. Orgel Wealth Management LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 18.9% in the third quarter. Orgel Wealth Management LLC now owns 2,488,119 shares of the company’s stock valued at $127,193,000 after acquiring an additional 394,907 shares in the last quarter. Kohmann Bosshard Financial Services LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6.5% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 16,071 shares of the company’s stock valued at $822,000 after acquiring an additional 974 shares in the last quarter. Precedent Wealth Partners LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 14.7% in the third quarter. Precedent Wealth Partners LLC now owns 21,693 shares of the company’s stock valued at $1,109,000 after acquiring an additional 2,772 shares in the last quarter. Finally, Net Worth Advisory Group bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the third quarter valued at approximately $298,000.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1 %

VTEB stock opened at $50.19 on Friday. The business has a 50 day moving average of $50.14 and a 200-day moving average of $50.52. 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 company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1317 per share. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was 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.