Cornerstone Financial Management LLC Makes New $1.54 Million Investment in Vanguard Tax-Exempt Bond ETF $VTEB

Cornerstone Financial Management LLC bought a new position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, HoldingsChannel reports. The fund bought 30,584 shares of the company’s stock, valued at approximately $1,538,000. Vanguard Tax-Exempt Bond ETF makes up approximately 1.4% of Cornerstone Financial Management LLC’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTEB. Jane Street Group LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 1,498.4% during the 1st quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock valued at $9,299,000 after purchasing an additional 175,676 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 510.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,576 shares of the company’s stock valued at $175,000 after purchasing an additional 2,990 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 79.0% during the 2nd quarter. First Trust Advisors LP now owns 11,052 shares of the company’s stock valued at $542,000 after purchasing an additional 4,878 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 2nd quarter valued at $1,001,000. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 2.9% during the 2nd quarter. Main Street Financial Solutions LLC now owns 47,957 shares of the company’s stock valued at $2,351,000 after purchasing an additional 1,364 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Vanguard Tax-Exempt Bond ETF stock opened at $50.30 on Friday. The firm’s fifty day simple moving average is $50.20 and its 200-day simple moving average is $50.35. Vanguard Tax-Exempt Bond ETF has a 1-year low of $48.46 and a 1-year high of $51.18.

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.