Neumann Capital Management LLC Grows Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Neumann Capital Management LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,550 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Vanguard Tax-Exempt Bond ETF accounts for about 0.9% of Neumann Capital Management LLC’s portfolio, making the stock its 28th biggest position. Neumann Capital Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $2,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VTEB. Bogart Wealth LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2,942.1% in the 3rd quarter. Bogart Wealth LLC now owns 578 shares of the company’s stock worth $30,000 after acquiring an additional 559 shares during the last quarter. Verus Capital Partners LLC bought a new stake in Vanguard Tax-Exempt Bond ETF in the second quarter worth about $36,000. Abich Financial Wealth Management LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at approximately $41,000. City State Bank bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the second quarter valued at approximately $50,000. Finally, Rise Advisors LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 235.1% during the third quarter. Rise Advisors LLC now owns 1,099 shares of the company’s stock valued at $56,000 after buying an additional 771 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock opened at $50.38 on Friday. The stock has a 50 day moving average price of $50.71 and a 200 day moving average price of $50.45. Vanguard Tax-Exempt Bond ETF has a 52-week low of $48.80 and a 52-week high of $51.17.

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.