JPMorgan Chase & Co. Sells 8,958,267 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

JPMorgan Chase & Co. trimmed its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,090,226 shares of the company’s stock after selling 8,958,267 shares during the period. JPMorgan Chase & Co. owned approximately 12.42% of Vanguard Tax-Exempt Bond ETF worth $4,961,448,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,166,659 shares of the company’s stock valued at $1,724,221,000 after purchasing an additional 669,274 shares in the last quarter. Creative Planning lifted its stake in 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 valued at $1,316,543,000 after acquiring an additional 702,763 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock valued at $1,114,764,000 after acquiring an additional 1,347,394 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 0.7% during 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 acquiring an additional 141,078 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 30.6% in the second quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock worth $647,430,000 after acquiring an additional 3,094,388 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB opened at $50.84 on Monday. The firm has a 50 day moving average price of $50.44 and a 200-day moving average price of $50.07. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $50.92.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued 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 was 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.