Newman Dignan & Sheerar Inc. Has $3.90 Million Stake in Vanguard Tax-Exempt Bond ETF $VTEB

Newman Dignan & Sheerar Inc. reduced its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 51.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 79,631 shares of the company’s stock after selling 83,591 shares during the period. Vanguard Tax-Exempt Bond ETF comprises approximately 0.9% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 26th biggest position. Newman Dignan & Sheerar Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,904,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Valley National Advisers Inc. bought a new position in Vanguard Tax-Exempt Bond ETF during the 1st quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF in the first quarter valued at about $27,000. IMG Wealth Management Inc. bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the first quarter valued at about $27,000. Wolff Wiese Magana LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 56.8% during the second quarter. Wolff Wiese Magana LLC now owns 596 shares of the company’s stock valued at $29,000 after purchasing an additional 216 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in Vanguard Tax-Exempt Bond ETF during the first quarter worth about $35,000.

Vanguard Tax-Exempt Bond ETF Stock Down 0.2%

Shares of VTEB stock opened at $49.99 on Thursday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $51.16. The company has a 50-day simple moving average of $49.28 and a two-hundred day simple moving average of $49.04.

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.