Synergy Investment Management LLC Makes New Investment in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Synergy Investment Management LLC purchased a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,351 shares of the company’s stock, valued at approximately $168,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Burt Wealth Advisors grew its position in Vanguard Tax-Exempt Bond ETF by 3.8% in the 4th quarter. Burt Wealth Advisors now owns 95,168 shares of the company’s stock worth $4,771,000 after purchasing an additional 3,460 shares during the last quarter. Physician Wealth Solutions Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.1% during the 4th quarter. Physician Wealth Solutions Inc. now owns 288,306 shares of the company’s stock worth $14,453,000 after acquiring an additional 8,691 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.5% during 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 acquiring an additional 1,116,602 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 17.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 172,622 shares of the company’s stock worth $8,654,000 after acquiring an additional 25,531 shares during the period. Finally, Bedel Financial Consulting Inc. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.8% during the 4th quarter. Bedel Financial Consulting Inc. now owns 639,565 shares of the company’s stock worth $32,208,000 after acquiring an additional 17,611 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Down 0.3 %

NYSEARCA:VTEB opened at $50.30 on Wednesday. The company has a 50-day moving average of $50.13 and a 200-day moving average of $50.49. Vanguard Tax-Exempt Bond ETF has a 52 week low of $49.49 and a 52 week high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 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 of this dividend is Monday, March 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.