Truist Financial Corp Boosts Stake in Vanguard Short-Term Tax-Exempt Bond ETF $VTES

Truist Financial Corp lifted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) by 86.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 81,233 shares of the company’s stock after purchasing an additional 37,594 shares during the period. Truist Financial Corp’s holdings in Vanguard Short-Term Tax-Exempt Bond ETF were worth $8,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rossby Financial LCC purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the third quarter worth about $33,000. American National Bank & Trust lifted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% in the fourth quarter. American National Bank & Trust now owns 651 shares of the company’s stock worth $66,000 after buying an additional 351 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 691.1% in the third quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $81,000 after buying an additional 698 shares in the last quarter. Rothschild Investment LLC increased its position in Vanguard Short-Term Tax-Exempt Bond ETF by 150.0% during the third quarter. Rothschild Investment LLC now owns 1,250 shares of the company’s stock worth $127,000 after purchasing an additional 750 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth about $219,000.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Vanguard Short-Term Tax-Exempt Bond ETF stock opened at $101.08 on Friday. Vanguard Short-Term Tax-Exempt Bond ETF has a 12-month low of $99.86 and a 12-month high of $102.71. The company has a 50-day moving average price of $101.48 and a 200 day moving average price of $101.69.

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.