Cornerstone Advisors Asset Management LLC Grows Stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Cornerstone Advisors Asset Management LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,404 shares of the company’s stock after purchasing an additional 14,951 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,229,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Merkkuri Wealth Advisors LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 1.8% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 11,451 shares of the company’s stock worth $585,000 after buying an additional 202 shares in the last quarter. FSC Wealth Advisors LLC raised its position in shares of Vanguard Tax-Exempt Bond ETF by 3.3% during the 4th quarter. FSC Wealth Advisors LLC now owns 6,842 shares of the company’s stock worth $343,000 after purchasing an additional 216 shares during the last quarter. Cypress Wealth Services LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 0.7% during the 4th quarter. Cypress Wealth Services LLC now owns 31,684 shares of the company’s stock valued at $1,588,000 after buying an additional 223 shares during the last quarter. Family Investment Center Inc. lifted its position in shares of Vanguard Tax-Exempt Bond ETF by 4.1% in the fourth quarter. Family Investment Center Inc. now owns 5,651 shares of the company’s stock valued at $283,000 after acquiring an additional 223 shares in the last quarter. Finally, Allen Capital Group LLC boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 4.0% during the fourth quarter. Allen Capital Group LLC now owns 5,971 shares of the company’s stock valued at $299,000 after acquiring an additional 227 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of VTEB stock opened at $50.07 on Wednesday. The firm has a 50-day moving average price of $50.12 and a 200 day moving average price of $50.52. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.1317 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Vanguard Tax-Exempt Bond ETF 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.