PFG Private Wealth Management LLC Invests $656,000 in Vanguard Short-Term Tax-Exempt Bond ETF $VTES

PFG Private Wealth Management LLC purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,434 shares of the company’s stock, valued at approximately $656,000.

Several other large investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC raised its position in Vanguard Short-Term Tax-Exempt Bond ETF by 10,377.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,385,053 shares of the company’s stock worth $139,793,000 after buying an additional 1,371,834 shares during the last quarter. Corient Private Wealth LLC raised its holdings 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. Karpus Management Inc. raised its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 1,057.6% during the second quarter. Karpus Management Inc. now owns 232,100 shares of the company’s stock valued at $23,426,000 after purchasing an additional 212,050 shares during the last quarter. Bank of America Corp DE lifted its position 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 valued at $22,266,000 after purchasing an additional 60,335 shares during the period. Finally, Seeds Investor LLC boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 30.3% in the second quarter. Seeds Investor LLC now owns 165,459 shares of the company’s stock worth $16,700,000 after purchasing an additional 38,512 shares during the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Up 0.1%

NYSEARCA:VTES opened at $102.49 on Friday. The company has a 50 day simple moving average of $101.87 and a two-hundred day simple moving average of $101.73. Vanguard Short-Term Tax-Exempt Bond ETF has a 12 month low of $98.50 and a 12 month high of $102.50.

Vanguard Short-Term Tax-Exempt Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.2247 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.6%.

Vanguard Short-Term Tax-Exempt Bond ETF Company 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.