ETFs

Evernest Financial Advisors LLC Increases Stake in Vanguard Tax-Exempt Bond ETF

Published October 22, 2024

Evernest Financial Advisors LLC has recently expanded its investment in the Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.0% during the third quarter of the year. This increase was due to the acquisition of 692 additional shares, bringing the total number of shares owned by Evernest Financial Advisors LLC to 18,123. As of the latest reporting period, the value of these holdings amounted to approximately $926,000.

Other significant investors have also participated in buy and sell activities concerning Vanguard Tax-Exempt Bond ETF. For instance, Naples Money Management LLC established a new stake valued around $34,000 in the first quarter, while Verus Capital Partners LLC invested in a new position during the second quarter worth $36,000. Additionally, Abich Financial Wealth Management LLC and City State Bank made new stakes valued at $41,000 and $50,000, respectively, in the second quarter. Moreover, Rise Advisors LLC notably enhanced its holdings by 235.1% in the third quarter, acquiring an additional 771 shares, culminating in a total of 1,099 shares valued at $56,000.

Performance of Vanguard Tax-Exempt Bond ETF

As of Tuesday, shares of the Vanguard Tax-Exempt Bond ETF were trading at $50.63. The stock's 50-day moving average stands at $50.85, while the 200-day moving average is at $50.41. Over the past year, the ETF has recorded a low of $47.14 and a high of $51.17.

About Vanguard Tax-Exempt Bond ETF

The Vanguard Tax-Exempt Bond ETF (VTEB) is designed primarily to invest in high-quality fixed-income securities. This ETF tracks an index of investment-grade debt issued by various state and local governments and their agencies. One of its key benefits is that the interest earnings are exempt from U.S. income tax as well as from the Alternative Minimum Tax (AMT). Launched on August 21, 2015, the ETF is managed by Vanguard.

Investment Opportunities

For those interested in exploring additional investment possibilities beyond the Vanguard Tax-Exempt Bond ETF, several alternatives are available which may prove to be appealing based on current market conditions.

investment, bonds, ETF