US Bancorp DE Cuts Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

US Bancorp DE cut its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 7.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,656,306 shares of the company’s stock after selling 286,786 shares during the quarter. US Bancorp DE’s holdings in Vanguard Tax-Exempt Bond ETF were worth $183,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VTEB. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock valued at $5,297,618,000 after purchasing an additional 30,774,028 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,166,659 shares of the company’s stock valued at $1,724,221,000 after acquiring an additional 669,274 shares during the period. Creative Planning boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.7% during the 2nd quarter. Creative Planning now owns 26,851,781 shares of the company’s stock worth $1,316,543,000 after acquiring an additional 702,763 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6.4% in the 3rd quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock worth $1,114,764,000 after acquiring an additional 1,347,394 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 0.7% in the 2nd quarter. Raymond James Financial Inc. now owns 21,831,076 shares of the company’s stock valued at $1,070,378,000 after purchasing an additional 141,078 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1%

VTEB opened at $51.06 on Thursday. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.08. The business’s fifty day moving average is $50.55 and its two-hundred day moving average is $50.18.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1398 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, February 2nd.

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.