JPMorgan Chase & Co. Sells 8,958,267 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

JPMorgan Chase & Co. lowered its holdings in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 99,090,226 shares of the company’s stock after selling 8,958,267 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of Vanguard Tax-Exempt Bond ETF worth $4,961,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Eclectic Associates Inc. ADV increased its holdings in shares of Vanguard Tax-Exempt Bond ETF by 89.5% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 50,860 shares of the company’s stock worth $2,547,000 after buying an additional 24,014 shares during the last quarter. Allen Capital Group LLC grew its position in Vanguard Tax-Exempt Bond ETF by 178.5% in the third quarter. Allen Capital Group LLC now owns 25,362 shares of the company’s stock worth $1,270,000 after acquiring an additional 16,255 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Vanguard Tax-Exempt Bond ETF by 1,681.1% during the third quarter. First Citizens Bank & Trust Co. now owns 594,111 shares of the company’s stock worth $29,747,000 after acquiring an additional 560,755 shares during the last quarter. New York Life Investment Management LLC raised its position in Vanguard Tax-Exempt Bond ETF by 15.1% during the third quarter. New York Life Investment Management LLC now owns 856,096 shares of the company’s stock valued at $42,865,000 after purchasing an additional 112,023 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 12.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 112,667 shares of the company’s stock valued at $5,641,000 after purchasing an additional 12,075 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA VTEB opened at $50.84 on Monday. The business’s 50 day moving average price is $50.44 and its 200-day moving average price is $50.07. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $47.02 and a fifty-two week high of $50.92.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1398 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

Vanguard Tax-Exempt Bond ETF Company 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.