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.

Published on Feb. 27, 2026

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.