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Bank of New York Mellon Corp increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 21.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,804,894 shares of the company's stock after purchasing an
Vanguard Tax-Exempt Bond ETF offers a compelling, ultra-low-cost, tax-exempt fixed-income allocation with an intermediate duration profile. VTEB's ~3.5% tax-exempt yield translates to a tax-equivalent yield of ~5.6–5.9% for top-bracket investors, outpacing comparable Treasury ETFs. The fund's intermediate duration strikes a balance between yield and interest-rate risk amid current market uncertainty and a volatile rate trajectory.
Eaton Cambridge Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 25.5% during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,311 shares of the company's stock after purchasing an additional 12,665 shares during the period. Vanguard Tax-Exempt Bond
A 50/50 VYM/VTEB portfolio with $1 million in principal would currently generate approximately $28,700 annually, or roughly $2,392 per month, before taxes where applicable, and before any future changes in fund distributions.
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