Beacon Bank & Trust Has $8.40 Million Stock Position in Vanguard Short-Term Tax-Exempt Bond ETF $VTES

Beacon Bank & Trust boosted its stake in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) by 228.3% in the third quarter, Holdings Channel reports. The firm owned 82,413 shares of the company’s stock after purchasing an additional 57,312 shares during the quarter. Vanguard Short-Term Tax-Exempt Bond ETF accounts for about 1.8% of Beacon Bank & Trust’s investment portfolio, making the stock its 11th largest position. Beacon Bank & Trust’s holdings in Vanguard Short-Term Tax-Exempt Bond ETF were worth $8,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC grew its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 10,377.7% during the second quarter. Laurel Wealth Advisors LLC now owns 1,385,053 shares of the company’s stock worth $139,793,000 after buying an additional 1,371,834 shares in the last quarter. Gleason Group Inc. lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 544.5% during the 2nd quarter. Gleason Group Inc. now owns 305,954 shares of the company’s stock worth $30,880,000 after acquiring an additional 258,486 shares during the period. Karpus Management Inc. boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 1,057.6% during the 2nd quarter. Karpus Management Inc. now owns 232,100 shares of the company’s stock worth $23,426,000 after acquiring an additional 212,050 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 78.8% during the 2nd quarter. Corient Private Wealth LLC now owns 324,142 shares of the company’s stock worth $32,716,000 after acquiring an additional 142,881 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 37.6% in the second quarter. Bank of America Corp DE now owns 220,608 shares of the company’s stock valued at $22,266,000 after acquiring an additional 60,335 shares during the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Shares of VTES opened at $102.00 on Friday. The firm has a 50 day simple moving average of $101.54 and a two-hundred day simple moving average of $101.54. Vanguard Short-Term Tax-Exempt Bond ETF has a one year low of $98.50 and a one year high of $102.39.

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.