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

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

Several other hedge funds also recently added to or reduced their stakes in the stock. Culbertson A N & Co. Inc. boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 6.3% in the third quarter. Culbertson A N & Co. Inc. now owns 28,800 shares of the company’s stock worth $1,472,000 after buying an additional 1,700 shares during the period. Bfsg LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 68.6% during the 3rd quarter. Bfsg LLC now owns 3,145 shares of the company’s stock worth $161,000 after acquiring an additional 1,280 shares in the last quarter. OLIO Financial Planning boosted its holdings in Vanguard Tax-Exempt Bond ETF by 0.4% in the 3rd quarter. OLIO Financial Planning now owns 74,695 shares of the company’s stock worth $3,814,000 after acquiring an additional 279 shares during the period. McKinley Carter Wealth Services Inc. grew its position in Vanguard Tax-Exempt Bond ETF by 10.5% in the third quarter. McKinley Carter Wealth Services Inc. now owns 387,684 shares of the company’s stock valued at $19,818,000 after acquiring an additional 36,962 shares in the last quarter. Finally, Verum Partners LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.6% during the third quarter. Verum Partners LLC now owns 10,186 shares of the company’s stock valued at $521,000 after purchasing an additional 538 shares during the period.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of VTEB stock opened at $50.80 on Thursday. The firm has a fifty day simple moving average of $50.85 and a 200-day simple moving average of $50.40. Vanguard Tax-Exempt Bond ETF has a twelve month low of $47.14 and a twelve month high of $51.17.

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.