Elm Partners Management LLC Sells 64,729 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Elm Partners Management LLC cut its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 134,823 shares of the company’s stock after selling 64,729 shares during the quarter. Vanguard Tax-Exempt Bond ETF makes up 0.3% of Elm Partners Management LLC’s portfolio, making the stock its 25th largest position. Elm Partners Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $6,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cornerstone Planning Group LLC increased its position in Vanguard Tax-Exempt Bond ETF by 7,501.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 15,810 shares of the company’s stock valued at $787,000 after acquiring an additional 15,602 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 40.8% during the third quarter. Physician Wealth Advisors Inc. now owns 1,339 shares of the company’s stock valued at $67,000 after purchasing an additional 388 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the third quarter valued at approximately $246,000. SP Asset Management LLC increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 0.8% in the third quarter. SP Asset Management LLC now owns 54,757 shares of the company’s stock valued at $2,742,000 after purchasing an additional 437 shares in the last quarter. Finally, Mission Wealth Management LP increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 137.5% in the third quarter. Mission Wealth Management LP now owns 26,160 shares of the company’s stock valued at $1,310,000 after purchasing an additional 15,146 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2%

NYSEARCA:VTEB opened at $50.48 on Tuesday. The stock’s fifty day moving average price is $50.38 and its two-hundred day moving average price is $49.94. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $50.68.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.1398 per share. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, February 2nd.

Vanguard Tax-Exempt Bond ETF 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.