Elm Partners Management LLC Sells 64,729 Shares of Vanguard Tax-Exempt Bond ETF $VTEB

Elm Partners Management LLC reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 32.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 134,823 shares of the company’s stock after selling 64,729 shares during the period. Vanguard Tax-Exempt Bond ETF makes up approximately 0.3% of Elm Partners Management LLC’s holdings, making the stock its 25th biggest holding. Elm Partners Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $6,751,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Fairway Wealth LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $28,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at about $29,000. Sound Income Strategies LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,500.0% in the 3rd quarter. Sound Income Strategies LLC now owns 832 shares of the company’s stock valued at $42,000 after purchasing an additional 780 shares during the period. Bogart Wealth LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 41.9% in the third quarter. Bogart Wealth LLC now owns 945 shares of the company’s stock valued at $47,000 after purchasing an additional 279 shares in the last quarter. Finally, Avalon Trust Co acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the second quarter worth about $49,000.

Vanguard Tax-Exempt Bond ETF Trading Down 0.2%

NYSEARCA:VTEB opened at $50.48 on Tuesday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $50.68. The stock has a 50-day simple moving average of $50.38 and a 200 day simple moving average of $49.94.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be paid 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 is 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.