Burt Wealth Advisors Sells 13,949 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Burt Wealth Advisors trimmed its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 10.4% during the 3rd quarter, Holdings Channel reports. The fund owned 120,469 shares of the company’s stock after selling 13,949 shares during the period. Vanguard Tax-Exempt Bond ETF comprises about 1.5% of Burt Wealth Advisors’ portfolio, making the stock its 13th largest position. Burt Wealth Advisors’ holdings in Vanguard Tax-Exempt Bond ETF were worth $6,032,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake 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 valued at $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 Vanguard Tax-Exempt Bond ETF by 1.9% in 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 acquiring an additional 669,274 shares during the last quarter. Creative Planning lifted its position 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 worth $1,316,543,000 after acquiring an additional 702,763 shares during the period. Raymond James Financial Inc. grew its stake in 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 purchasing an additional 141,078 shares during the last quarter. Finally, Sei Investments Co. increased its holdings 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 valued at $647,430,000 after purchasing an additional 3,094,388 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

Vanguard Tax-Exempt Bond ETF stock opened at $50.65 on Friday. The stock has a 50-day moving average price of $50.39 and a 200 day moving average price of $49.99. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.02 and a 52 week high of $50.68.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors 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.

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.