Congress Park Capital LLC Invests $508,000 in Vanguard Short-Term Tax-Exempt Bond ETF $VTES

Congress Park Capital LLC purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $508,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VTES. TIAA Trust National Association purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter worth $25,478,000. Karpus Management Inc. boosted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 1,057.6% in the second quarter. Karpus Management Inc. now owns 232,100 shares of the company’s stock valued at $23,426,000 after acquiring an additional 212,050 shares in the last quarter. Corient Private Wealth LLC increased 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 worth $32,716,000 after acquiring an additional 142,881 shares during the period. Mercer Global Advisors Inc. ADV increased 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 worth $140,124,000 after acquiring an additional 111,927 shares during the period. Finally, Bank of America Corp DE raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 37.6% during the second quarter. Bank of America Corp DE now owns 220,608 shares of the company’s stock worth $22,266,000 after purchasing an additional 60,335 shares in the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTES opened at $100.98 on Monday. Vanguard Short-Term Tax-Exempt Bond ETF has a 52 week low of $98.50 and a 52 week high of $102.71. The company has a 50-day moving average price of $102.05 and a 200 day moving average price of $101.81.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared 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 represents a c) annualized dividend and a dividend yield of 2.8%. This is an increase from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.22.

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.