Compound Planning Inc. Has $16.68 Million Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Compound Planning Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 16.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 333,192 shares of the company’s stock after acquiring an additional 46,505 shares during the period. Compound Planning Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $16,683,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position 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. Corient Private Wealth LLC grew its stake in Vanguard Tax-Exempt Bond ETF by 87.6% in the 2nd quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after buying an additional 3,458,654 shares during the last quarter. Sei Investments Co. raised its holdings in Vanguard Tax-Exempt Bond ETF by 30.6% in the 2nd 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. Laurel Wealth Advisors LLC raised its holdings in Vanguard Tax-Exempt Bond ETF by 4,903.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,984,861 shares of the company’s stock worth $97,318,000 after acquiring an additional 1,945,188 shares during the period. Finally, Wealthfront Advisers LLC lifted its position in 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 worth $1,114,764,000 after acquiring an additional 1,347,394 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

Shares of NYSEARCA:VTEB opened at $50.96 on Tuesday. The stock’s 50-day moving average is $50.52 and its 200-day moving average is $50.16. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $50.99.

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 $0.1398 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis 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.