Jordan Park Group LLC Sells 64,597 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Jordan Park Group LLC lowered its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 13.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 415,842 shares of the company’s stock after selling 64,597 shares during the quarter. Vanguard Tax-Exempt Bond ETF accounts for 1.1% of Jordan Park Group LLC’s portfolio, making the stock its 16th biggest position. Jordan Park Group LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $20,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VTEB. JPMorgan Chase & Co. boosted its position in 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 worth $5,297,618,000 after purchasing an additional 30,774,028 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,166,659 shares of the company’s stock worth $1,724,221,000 after purchasing an additional 669,274 shares during the period. Creative Planning boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.7% in the 2nd quarter. Creative Planning now owns 26,851,781 shares of the company’s stock worth $1,316,543,000 after buying an additional 702,763 shares during the last quarter. Raymond James Financial Inc. grew its position 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 period. Finally, Sei Investments Co. grew its position in Vanguard Tax-Exempt Bond ETF by 30.6% during the second quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after buying an additional 3,094,388 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Down 0.1%

Shares of VTEB stock opened at $50.52 on Friday. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $50.68. The firm’s 50-day simple moving average is $50.38 and its two-hundred day simple moving average is $49.90.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

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

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.