Lansing Street Advisors Trims Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Lansing Street Advisors lowered its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 29.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,599 shares of the company’s stock after selling 11,339 shares during the period. Lansing Street Advisors’ holdings in Vanguard Tax-Exempt Bond ETF were worth $1,382,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after buying an additional 30,774,028 shares during the period. Corient Private Wealth LLC raised its stake in Vanguard Tax-Exempt Bond ETF by 87.6% during the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after acquiring an additional 3,458,654 shares during the last quarter. Sei Investments Co. raised its stake in Vanguard Tax-Exempt Bond ETF by 30.6% during the 2nd quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after acquiring an additional 3,094,388 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 4,903.1% in the second quarter. Laurel Wealth Advisors LLC now owns 1,984,861 shares of the company’s stock valued at $97,318,000 after purchasing an additional 1,945,188 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in Vanguard Tax-Exempt Bond ETF by 6.4% during the third quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock worth $1,114,764,000 after buying an additional 1,347,394 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB opened at $51.13 on Friday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $51.14. The firm’s 50-day moving average is $50.57 and its two-hundred day moving average is $50.19.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

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.