Cornerstone Wealth Management LLC Grows Position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Cornerstone Wealth Management LLC raised its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,042 shares of the company’s stock after acquiring an additional 5,969 shares during the period. Cornerstone Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,311,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of VTEB. Charles Schwab Investment Management Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,559,694 shares of the company’s stock worth $1,613,332,000 after acquiring an additional 1,003,475 shares in the last quarter. Creative Planning grew its position in Vanguard Tax-Exempt Bond ETF by 3.2% in the second quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after acquiring an additional 796,659 shares in the last quarter. Raymond James & Associates increased its stake in Vanguard Tax-Exempt Bond ETF by 0.4% during the third quarter. Raymond James & Associates now owns 17,969,381 shares of the company’s stock worth $918,595,000 after acquiring an additional 75,969 shares during the last quarter. Franklin Resources Inc. raised its position in Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock valued at $269,411,000 after purchasing an additional 818,486 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 4,990,070 shares of the company’s stock valued at $255,092,000 after purchasing an additional 433,676 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTEB opened at $49.93 on Friday. The stock’s fifty day moving average is $50.36 and its 200 day moving average is $50.55. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $49.49 and a fifty-two week high of $51.17.

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.