Passive Capital Management LLC. Makes New $2.52 Million Investment in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES)

Passive Capital Management LLC. purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,091 shares of the company’s stock, valued at approximately $2,515,000. Vanguard Short-Term Tax-Exempt Bond ETF comprises approximately 0.9% of Passive Capital Management LLC.’s holdings, making the stock its 20th biggest position. Passive Capital Management LLC. owned 0.58% of Vanguard Short-Term Tax-Exempt Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VTES. Carmichael Hill & Associates Inc. purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the 3rd quarter worth approximately $30,000. McIlrath & Eck LLC bought a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 3rd quarter worth $128,000. JFS Wealth Advisors LLC purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the third quarter worth $203,000. Essex Savings Bank purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the third quarter valued at $253,000. Finally, Allworth Financial LP purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter valued at $270,000.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTES opened at $101.06 on Friday. The business has a 50-day simple moving average of $100.48 and a two-hundred day simple moving average of $100.80. Vanguard Short-Term Tax-Exempt Bond ETF has a fifty-two week low of $99.29 and a fifty-two week high of $101.48.

Vanguard Short-Term Tax-Exempt Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2289 per share. The ex-dividend date was Monday, February 3rd.

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.