Cornerstone Financial Management LLC acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,545 shares of the company’s stock, valued at approximately $665,000.
Other large investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 8.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,374,774 shares of the company’s stock valued at $140,124,000 after purchasing an additional 111,927 shares during the last quarter. Wescott Financial Advisory Group LLC grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock valued at $67,910,000 after purchasing an additional 32,412 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 78.8% during the second quarter. Corient Private Wealth LLC now owns 324,142 shares of the company’s stock valued at $32,716,000 after purchasing an additional 142,881 shares during the last quarter. TIAA Trust National Association grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the fourth quarter. TIAA Trust National Association now owns 281,168 shares of the company’s stock valued at $28,560,000 after purchasing an additional 31,200 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 17.8% during the third quarter. Bank of America Corp DE now owns 259,963 shares of the company’s stock valued at $26,497,000 after purchasing an additional 39,355 shares during the last quarter.
Vanguard Short-Term Tax-Exempt Bond ETF Price Performance
VTES opened at $101.12 on Friday. Vanguard Short-Term Tax-Exempt Bond ETF has a one year low of $100.50 and a one year high of $102.71. The company’s 50 day simple moving average is $101.13 and its 200-day simple moving average is $101.59.
Vanguard Short-Term Tax-Exempt Bond ETF Profile
The Vanguard Short-Term Tax Exempt Bond ETF (VTES) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below seven years. VTES was launched on Feb 22, 2023 and is managed by Vanguard.
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