Topsail Wealth Management LLC Has $54.82 Million Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Topsail Wealth Management LLC cut its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 13.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,094,873 shares of the company’s stock after selling 174,738 shares during the quarter. Vanguard Tax-Exempt Bond ETF comprises about 9.3% of Topsail Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Topsail Wealth Management LLC owned approximately 0.14% of Vanguard Tax-Exempt Bond ETF worth $54,820,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VTEB. JPMorgan Chase & Co. grew 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 worth $5,297,618,000 after buying an additional 30,774,028 shares in the last quarter. Corient Private Wealth LLC lifted 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 during the period. 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 worth $647,430,000 after acquiring an additional 3,094,388 shares in the last quarter. Laurel Wealth Advisors LLC increased its stake in 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 acquiring an additional 1,945,188 shares during the last quarter. Finally, Forum Financial Management LP raised its position in Vanguard Tax-Exempt Bond ETF by 615.4% during the third quarter. Forum Financial Management LP now owns 1,322,231 shares of the company’s stock valued at $66,204,000 after purchasing an additional 1,137,416 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.56 on Friday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $50.68. The business has a fifty day simple moving average of $50.38 and a 200 day simple moving average of $49.92.

Vanguard Tax-Exempt Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd will be given 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 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.