Dakota Wealth Management Raises Stock Position in Vanguard Short-Term Tax-Exempt Bond ETF $VTES

Dakota Wealth Management grew its stake in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) by 26.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,079 shares of the company’s stock after buying an additional 9,129 shares during the period. Dakota Wealth Management owned 0.28% of Vanguard Short-Term Tax-Exempt Bond ETF worth $4,477,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 193.5% during the third quarter. Concurrent Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $815,000 after purchasing an additional 5,274 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 70.4% in the 4th quarter. Avior Wealth Management LLC now owns 16,935 shares of the company’s stock valued at $1,720,000 after purchasing an additional 6,995 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 39.7% in the 2nd quarter. Osaic Holdings Inc. now owns 30,371 shares of the company’s stock valued at $3,065,000 after purchasing an additional 8,626 shares during the last quarter. Beacon Bank & Trust boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 228.3% in the 3rd quarter. Beacon Bank & Trust now owns 82,413 shares of the company’s stock valued at $8,400,000 after purchasing an additional 57,312 shares during the period. Finally, Eclectic Associates Inc. ADV boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 15.0% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 39,023 shares of the company’s stock valued at $3,977,000 after purchasing an additional 5,098 shares during the period.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTES opened at $100.98 on Friday. Vanguard Short-Term Tax-Exempt Bond ETF has a 52-week low of $98.50 and a 52-week high of $102.71. The stock’s 50 day moving average price is $102.05 and its 200 day moving average price is $101.82.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.2362 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a dividend yield of 2.8%.

About Vanguard Short-Term Tax-Exempt Bond ETF

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.