Brown Advisory Inc. Has $3.40 Million Position in Vanguard Short-Term Tax-Exempt Bond ETF $VTES

Brown Advisory Inc. trimmed its position in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,726 shares of the company’s stock after selling 5,982 shares during the quarter. Brown Advisory Inc.’s holdings in Vanguard Short-Term Tax-Exempt Bond ETF were worth $3,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VTES. Physician Wealth Advisors Inc. boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 82.7% in the second quarter. Physician Wealth Advisors Inc. now owns 360 shares of the company’s stock valued at $36,000 after acquiring an additional 163 shares during the period. Eastern Bank acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the 2nd quarter worth about $50,000. Graney & King LLC acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the 1st quarter worth about $56,000. Hanson & Doremus Investment Management acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the 2nd quarter worth about $83,000. Finally, Accredited Wealth Management LLC boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 478.7% in the 1st quarter. Accredited Wealth Management LLC now owns 1,360 shares of the company’s stock valued at $137,000 after purchasing an additional 1,125 shares during the period.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA:VTES opened at $101.46 on Wednesday. Vanguard Short-Term Tax-Exempt Bond ETF has a 12-month low of $98.50 and a 12-month high of $102.39. The company’s 50 day moving average price is $101.57 and its two-hundred day moving average price is $101.36.

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.