Citigroup Inc. Sells 23,998 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Citigroup Inc. lowered its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,426 shares of the company’s stock after selling 23,998 shares during the quarter. Citigroup Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $12,238,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VTEB. JPMorgan Chase & Co. boosted its stake in 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 valued at $5,297,618,000 after buying an additional 30,774,028 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of 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 worth $363,056,000 after acquiring an additional 3,458,654 shares in the last quarter. Sei Investments Co. boosted its position in shares of 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 grew its holdings 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 in the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 6.4% in the third quarter. Wealthfront Advisers LLC now owns 22,264,110 shares of the company’s stock valued at $1,114,764,000 after purchasing an additional 1,347,394 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.0%

Vanguard Tax-Exempt Bond ETF stock opened at $51.15 on Friday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $51.18. The firm’s fifty day moving average is $50.59 and its 200 day moving average is $50.21.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be issued a $0.1487 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

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.