Lansing Street Advisors Reduces Stake in Vanguard Tax-Exempt Bond ETF

The institutional investor sold over 11,000 shares of the municipal bond ETF in the third quarter.

Feb. 27, 2026 at 1:03pm

Lansing Street Advisors, an institutional investor, reduced its holdings in the Vanguard Tax-Exempt Bond ETF (VTEB) by 29.1% during the third quarter, according to a recent 13F filing with the SEC. The firm sold 11,339 shares, leaving it with 27,599 shares worth $1.38 million as of the end of the quarter.

Why it matters

The Vanguard Tax-Exempt Bond ETF provides exposure to investment-grade municipal bonds, which can offer tax-exempt income for investors. Lansing Street Advisors' decision to trim its position in VTEB could signal a shift in its investment strategy or outlook on the municipal bond market.

The details

According to the 13F filing, Lansing Street Advisors sold 11,339 shares of the Vanguard Tax-Exempt Bond ETF during the third quarter, reducing its total holdings to 27,599 shares. The firm's position in VTEB was worth $1.38 million as of the end of the quarter. The Vanguard Tax-Exempt Bond ETF tracks an index of investment-grade municipal bonds and pays interest that is exempt from federal income tax.

  • Lansing Street Advisors reduced its stake in the Vanguard Tax-Exempt Bond ETF during the third quarter of 2026.

The players

Lansing Street Advisors

An institutional investment firm that reduced its holdings in the Vanguard Tax-Exempt Bond ETF.

Vanguard Tax-Exempt Bond ETF

An exchange-traded fund that tracks an index of investment-grade municipal bonds and pays interest that is exempt from federal income tax.

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The takeaway

Lansing Street Advisors' decision to trim its position in the Vanguard Tax-Exempt Bond ETF could signal a shift in its investment strategy or a change in its outlook on the municipal bond market. Investors may want to monitor the performance and holdings of this ETF to gauge broader trends in the tax-exempt fixed income space.