Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Stake Cut by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lessened its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,073 shares of the company’s stock after selling 1,518 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,071,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VTEB. Goldman Sachs Group Inc. boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 112.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,020,303 shares of the company’s stock valued at $52,086,000 after buying an additional 540,233 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 241.9% during the fourth quarter. Fisher Asset Management LLC now owns 39,996 shares of the company’s stock valued at $2,042,000 after purchasing an additional 28,297 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at approximately $37,000. Curbstone Financial Management Corp raised its position in shares of Vanguard Tax-Exempt Bond ETF by 2.0% during the 1st quarter. Curbstone Financial Management Corp now owns 10,450 shares of the company’s stock worth $529,000 after purchasing an additional 200 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 15.3% in the 1st quarter. Wedmont Private Capital now owns 767,452 shares of the company’s stock worth $38,480,000 after purchasing an additional 101,667 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Vanguard Tax-Exempt Bond ETF stock opened at $50.80 on Thursday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $47.14 and a 52-week high of $51.17. The firm has a 50-day moving average price of $50.85 and a two-hundred day moving average price of $50.40.

Vanguard Tax-Exempt Bond ETF 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.