Cornerstone Advisors Asset Management LLC Has $4.58 Million Stock Position in Vanguard Tax-Exempt Bond ETF $VTEB

Cornerstone Advisors Asset Management LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 39.5% during the second quarter, HoldingsChannel reports. The fund owned 90,600 shares of the company’s stock after acquiring an additional 25,651 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $4,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in Vanguard Tax-Exempt Bond ETF in the 3rd quarter worth $347,641,000. JPMorgan Chase & Co. grew its position in Vanguard Tax-Exempt Bond ETF by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after buying an additional 5,461,346 shares in the last quarter. Corient Private Wealth LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 87.6% during the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after acquiring an additional 3,458,654 shares during the period. Raymond James Financial Inc. increased its stake in Vanguard Tax-Exempt Bond ETF by 10.8% during the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after acquiring an additional 2,396,916 shares during the period. Finally, Morgan Stanley raised its holdings in Vanguard Tax-Exempt Bond ETF by 9.4% in the 4th quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after acquiring an additional 2,173,235 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Trading Up 0.0%

Shares of VTEB stock opened at $48.88 on Friday. Vanguard Tax-Exempt Bond ETF has a 12 month low of $48.85 and a 12 month high of $51.18. The stock has a 50 day moving average of $49.82 and a two-hundred day moving average of $50.13.

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.