Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Declares Monthly Dividend of $0.23

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) declared a monthly dividend on Wednesday, January 28th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.2319 per share on Wednesday, November 4th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, November 2nd. This is a 19.5% increase from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.1941.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

VTES opened at $100.59 on Friday. Vanguard Short-Term Tax-Exempt Bond ETF has a 12 month low of $98.02 and a 12 month high of $102.71. The business has a 50 day simple moving average of $99.69 and a 200-day simple moving average of $100.96.

Institutional Investors Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Washington Trust Advisors Inc. boosted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 5.8% during the second quarter. Washington Trust Advisors Inc. now owns 2,347 shares of the company’s stock worth $238,000 after acquiring an additional 129 shares during the last quarter. Frankly Finances LLC lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 0.6% during the 1st quarter. Frankly Finances LLC now owns 21,401 shares of the company’s stock worth $2,164,000 after acquiring an additional 133 shares during the period. Waverly Advisors LLC boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 1.1% in the second quarter. Waverly Advisors LLC now owns 13,293 shares of the company’s stock worth $1,347,000 after acquiring an additional 150 shares during the last quarter. Bryn Mawr Trust Advisors LLC boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 5.6% in the first quarter. Bryn Mawr Trust Advisors LLC now owns 3,678 shares of the company’s stock worth $372,000 after acquiring an additional 195 shares during the last quarter. Finally, Cornerstone Financial Management LLC grew its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 3.9% in the second quarter. Cornerstone Financial Management LLC now owns 5,922 shares of the company’s stock valued at $600,000 after purchasing an additional 225 shares during the period.

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.