VANGUARD MUN BD FDS

Ticker: VTEI CUSIP: 922907738 Class: ETF-FIXED INCOM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
Unison Advisors LLC2,195,778$221,400
TIAA TRUST, NATIONAL ASSOCIATION403,849$40,720
ENVESTNET ASSET MANAGEMENT INC308,659$31,122
Joel Isaacson & Co., LLC236,654$23,862
HighTower Advisors, LLC224,657$22,652
COMMONWEALTH EQUITY SERVICES, LLC205,871$20,758
Cetera Investment Advisers187,165$18,872
SEEDS INVESTOR LLC162,266$16,361
Avantax Planning Partners, Inc.159,973$16,130
BANK OF AMERICA CORP /DE/133,769$13,488
Equitable Holdings, Inc.131,334$13,242
Aspire Private Capital, LLC103,450$10,431
Heartwood Wealth Advisors LLC91,133$9,189
Ashton Thomas Private Wealth, LLC64,754$6,529
Merit Financial Group, LLC59,757$6,025
Silver Oak Advisory Group, Inc.59,479$6
Atria Investments, Inc54,042$5,449
Apella Capital, LLC52,050$5,248
Seed Wealth Management, Inc.49,885$5,030
LPL Financial LLC43,910$4,427
S.A. Mason LLC43,061$4,342
JONES FINANCIAL COMPANIES LLLP38,908$3,923
FIRST FINANCIAL BANK - TRUST DIVISION37,288$3,760
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors37,241$3,755
&PARTNERS36,405$3,671
TRUIST FINANCIAL CORP33,695$3,397
JANE STREET GROUP, LLC33,593$3,387
CITADEL ADVISORS LLC32,030$3,230
CAPTRUST FINANCIAL ADVISORS22,826$2,302
Integrity Wealth Solutions LLC22,560$2,275
OPPENHEIMER & CO INC21,747$2,193
TCI Wealth Advisors, Inc.20,912$2,109
Timonier Family Office, LTD.18,441$1,859
Mariner, LLC17,741$1,789
Cerity Partners LLC17,666$1,781
Paragon Capital Management Ltd17,562$1,771
Oak Wealth Advisors LLC17,393$1,754
First Heartland Consultants, Inc.16,498$1,663
MITCHELL MCLEOD PUGH & WILLIAMS INC15,175$1,546
Freedom Investment Management, Inc.14,479$1,460
Elequin Capital, LP14,062$1,418
SigFig Wealth Management, LLC14,007$1,412
Frankly Finances, LLC13,979$1,410
Valeo Financial Advisors, LLC13,536$1,365
A. D. Beadell Investment Counsel, Inc.13,475$1
Hilltop Holdings Inc.13,175$1,328
GENESIS PRIVATE WEALTH, LLC12,653$1,276
FINANCIAL MANAGEMENT NETWORK INC12,533$1,264
Envestnet Portfolio Solutions, Inc.11,733$1,183
Clearstead Advisors, LLC11,584$1,168
OSAIC HOLDINGS, INC.11,476$1,157
HARBOUR INVESTMENTS, INC.11,161$1,125
FLAGSHIP HARBOR ADVISORS, LLC10,995$1,109
FLOW TRADERS U.S. LLC10,809$1
Bryn Mawr Capital Management, LLC10,677$1,077
STEPHEN J. GARRY & ASSOCIATES, LLC10,446$1,053
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO10,334$1,042
Retirement Planning Group, LLC10,219$1,030
Sheridan Capital Management, LLC10,025$1,011
Sprinkle Financial Consultants LLC10,000$1,008
HBK Sorce Advisory LLC9,783$996
IAM Advisory, LLC9,586$967
VISTA CAPITAL PARTNERS, INC.9,568$965
Fort Point Capital Partners LLC9,332$948
SIGNAL TREE FINANCIAL PARTNERS LLC9,189$927
RAYMOND JAMES FINANCIAL INC9,139$922
Farther Finance Advisors, LLC9,012$909
JFS WEALTH ADVISORS, LLC8,755$883
NewEdge Advisors, LLC8,269$834
PEAPACK GLADSTONE FINANCIAL CORP7,705$1
Elser Financial Planning, Inc7,008$707
Rossmore Private Capital6,998$706
Cadence Bank6,922$698
Tribridge Partners Financial LLC6,346$640
25 LLC6,310$636
Kestra Advisory Services, LLC6,165$622
Waverly Advisors, LLC5,906$595
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC5,800$587
Crews Bank & Trust5,515$556
OneDigital Investment Advisors LLC5,234$528
BENJAMIN EDWARDS INC5,208$526
KEYVANTAGE WEALTH, LLC4,992$503
CoreCap Advisors, LLC4,855$490
EverSource Wealth Advisors, LLC4,816$486
Luminvest Wealth Management LLC4,782$482
Alesco Advisors LLC4,425$446
SCS Capital Management LLC4,390$443
Gordian Advisors LLC4,313$435
ROYAL BANK OF CANADA4,216$425
IFG Advisory, LLC4,200$423
Essex Financial Services, Inc.4,011$404
KESTRA PRIVATE WEALTH SERVICES, LLC3,867$390
Sequent Planning LLC3,781$381
Cambridge Investment Research Advisors, Inc.3,776$0
Beacon Pointe Advisors, LLC3,751$378
Symmetry Partners, LLC3,432$346
HRT FINANCIAL LP3,384$0
GOLDMAN SACHS GROUP INC3,356$338
Independent Advisor Alliance3,241$327
55 North Private Wealth, LLC3,238$327
41 other institutions69,736$6,743
Total (141 institutions)5,984,847$593,265