Directional Asset Management Makes New Investment in Vanguard Short-Term Tax-Exempt Bond ETF $VTES

Directional Asset Management acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,977 shares of the company’s stock, valued at approximately $607,000.

Several other large investors have also recently added to or reduced their stakes in VTES. Concurrent Investment Advisors LLC increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 193.5% in 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 period. Avior Wealth Management LLC increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 70.4% in the fourth quarter. Avior Wealth Management LLC now owns 16,935 shares of the company’s stock worth $1,720,000 after purchasing an additional 6,995 shares during the period. Osaic Holdings Inc. increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 39.7% in the second quarter. Osaic Holdings Inc. now owns 30,371 shares of the company’s stock worth $3,065,000 after purchasing an additional 8,626 shares during the period. Beacon Bank & Trust increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 228.3% in the third quarter. Beacon Bank & Trust now owns 82,413 shares of the company’s stock worth $8,400,000 after purchasing an additional 57,312 shares during the period. Finally, Stonebridge Capital Advisors LLC increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 6.3% in the third quarter. Stonebridge Capital Advisors LLC now owns 84,837 shares of the company’s stock worth $8,647,000 after purchasing an additional 4,996 shares during the period.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTES opened at $101.33 on Friday. Vanguard Short-Term Tax-Exempt Bond ETF has a 52 week low of $99.60 and a 52 week high of $102.71. The stock’s fifty day moving average is $101.68 and its 200 day moving average is $101.71.

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.