Royal Bank of Canada Grows Stake in Vanguard Short-Term Tax-Exempt Bond ETF $VTES

Royal Bank of Canada raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) by 72.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,374 shares of the company’s stock after buying an additional 15,292 shares during the quarter. Royal Bank of Canada’s holdings in Vanguard Short-Term Tax-Exempt Bond ETF were worth $3,679,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nepc LLC bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter valued at approximately $30,000. AdvisorNet Financial Inc purchased a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter worth $30,000. Birchwood Financial Partners Inc. bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at $36,000. Gould Capital LLC bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at $51,000. Finally, Graney & King LLC increased its position in Vanguard Short-Term Tax-Exempt Bond ETF by 295.5% during the 4th quarter. Graney & King LLC now owns 1,570 shares of the company’s stock valued at $159,000 after purchasing an additional 1,173 shares during the period.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTES opened at $100.88 on Friday. Vanguard Short-Term Tax-Exempt Bond ETF has a 12 month low of $100.33 and a 12 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.

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.