Royal Bank of Canada Buys 15,292 Shares of Vanguard Short-Term Tax-Exempt Bond ETF $VTES

Royal Bank of Canada boosted its stake in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) by 72.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,374 shares of the company’s stock after purchasing an additional 15,292 shares during the period. Royal Bank of Canada owned about 0.20% of Vanguard Short-Term Tax-Exempt Bond ETF worth $3,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC grew its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 4.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 3,092 shares of the company’s stock worth $314,000 after purchasing an additional 125 shares during the last quarter. Frankly Finances LLC increased its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 0.6% in the first quarter. Frankly Finances LLC now owns 21,401 shares of the company’s stock worth $2,164,000 after buying an additional 133 shares during the period. PDS Planning Inc raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 6.5% during the 4th quarter. PDS Planning Inc now owns 2,374 shares of the company’s stock valued at $241,000 after buying an additional 145 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 3.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,598 shares of the company’s stock valued at $464,000 after buying an additional 146 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 0.4% during the 4th quarter. TCI Wealth Advisors Inc. now owns 39,649 shares of the company’s stock valued at $4,027,000 after buying an additional 149 shares during the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

Shares of VTES opened at $100.88 on Friday. Vanguard Short-Term Tax-Exempt Bond ETF has a twelve month low of $100.33 and a twelve month high of $102.71. The firm has a fifty day simple moving average of $100.97 and a two-hundred day simple moving average of $101.36.

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.