Envestnet Asset Management Inc. Reduces Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Envestnet Asset Management Inc. lowered its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 48.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,660,196 shares of the company’s stock after selling 4,302,909 shares during the period. Envestnet Asset Management Inc. owned about 0.58% of Vanguard Tax-Exempt Bond ETF worth $233,336,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Vanguard Tax-Exempt Bond ETF by 39.8% during the 2nd 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 last quarter. Northwestern Mutual Wealth Management Co. grew its position in 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 buying an additional 669,274 shares during the period. Creative Planning increased its holdings in Vanguard Tax-Exempt Bond ETF by 2.7% during the second quarter. Creative Planning now owns 26,851,781 shares of the company’s stock valued at $1,316,543,000 after buying an additional 702,763 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 0.7% during the second quarter. Raymond James Financial Inc. now owns 21,831,076 shares of the company’s stock valued at $1,070,378,000 after buying an additional 141,078 shares during the last quarter. Finally, Sei Investments Co. raised its position in 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 Trading Up 0.2%

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $50.62 on Friday. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $50.68. The company’s fifty day simple moving average is $50.39 and its 200-day simple moving average is $49.96.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The business also recently declared 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 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.