Cornerstone Financial Management LLC Purchases New Holdings in Vanguard Tax-Exempt Bond ETF $VTEB

Cornerstone Financial Management LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,584 shares of the company’s stock, valued at approximately $1,538,000. Vanguard Tax-Exempt Bond ETF makes up about 1.4% of Cornerstone Financial Management LLC’s portfolio, making the stock its 17th biggest position.

Several other hedge funds have also made changes to their positions in the company. PFG Investments LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.3% in the 4th quarter. PFG Investments LLC now owns 15,902 shares of the company’s stock valued at $800,000 after acquiring an additional 198 shares in the last quarter. Quantum Financial Planning Services Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 2.1% in the 4th quarter. Quantum Financial Planning Services Inc. now owns 9,559 shares of the company’s stock valued at $481,000 after acquiring an additional 199 shares in the last quarter. Jordan Park Trust Co LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the 4th quarter. Jordan Park Trust Co LLC now owns 11,604 shares of the company’s stock valued at $584,000 after acquiring an additional 200 shares in the last quarter. Bridgewealth Advisory Group LLC lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 4.1% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 5,114 shares of the company’s stock valued at $257,000 after acquiring an additional 200 shares in the last quarter. Finally, Planning Directions Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 1.1% in the 4th quarter. Planning Directions Inc. now owns 18,551 shares of the company’s stock worth $933,000 after buying an additional 207 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Down 0.1%

VTEB stock opened at $50.30 on Friday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.46 and a 12-month high of $51.18. The company has a 50 day moving average of $50.20 and a two-hundred day moving average of $50.35.

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.