Newman Dignan & Sheerar Inc. Reduces Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Newman Dignan & Sheerar Inc. decreased its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 24.6% during the third quarter, HoldingsChannel reports. The fund owned 60,044 shares of the company’s stock after selling 19,587 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Vanguard Tax-Exempt Bond ETF by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after purchasing an additional 30,774,028 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,166,659 shares of the company’s stock valued at $1,724,221,000 after buying an additional 669,274 shares during the period. Creative Planning grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.7% during the second quarter. Creative Planning now owns 26,851,781 shares of the company’s stock valued at $1,316,543,000 after buying an additional 702,763 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 0.7% during the second quarter. Raymond James Financial Inc. now owns 21,831,076 shares of the company’s stock valued at $1,070,378,000 after buying an additional 141,078 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 30.6% in the second quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock worth $647,430,000 after buying an additional 3,094,388 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock opened at $50.17 on Friday. The stock has a 50 day moving average price of $50.38 and a 200 day moving average price of $49.58. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.02 and a 52-week high of $50.68.

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.