Cornerstone Wealth Management LLC Acquires 1,189 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Cornerstone Wealth Management LLC grew its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,231 shares of the company’s stock after purchasing an additional 1,189 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cullen Frost Bankers Inc. lifted its stake in Vanguard Tax-Exempt Bond ETF by 29.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 470,485 shares of the company’s stock valued at $23,585,000 after buying an additional 108,101 shares during the period. Vanguard Group Inc. grew its holdings in shares of Vanguard Tax-Exempt Bond ETF by 42.5% during the fourth quarter. Vanguard Group Inc. now owns 3,500,157 shares of the company’s stock worth $175,463,000 after buying an additional 1,044,587 shares in the last quarter. Millennium Management LLC raised its position in Vanguard Tax-Exempt Bond ETF by 75.8% in the 4th quarter. Millennium Management LLC now owns 9,572 shares of the company’s stock valued at $480,000 after buying an additional 4,128 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Vanguard Tax-Exempt Bond ETF by 12.0% in the 4th quarter. D.A. Davidson & CO. now owns 10,417 shares of the company’s stock valued at $522,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Hill Island Financial LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 1,061.7% during the 4th quarter. Hill Island Financial LLC now owns 63,418 shares of the company’s stock worth $3,179,000 after acquiring an additional 57,959 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

Shares of VTEB opened at $48.85 on Wednesday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.02 and a twelve month high of $51.17. The company has a 50 day moving average of $48.78 and a 200-day moving average of $49.61.

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.