Mixed Institutional Moves in Vanguard T‑Bill ETF as One Manager Sells $22.7 Million

Overview

• Focused Wealth Management reported selling 300,114 VBIL shares in Q4, an estimated $22.66 million, trimming the ETF to 0.07% of its 13F assets from 2.48%.
• SJS Investment Consulting disclosed buying 84,687 VBIL shares valued at about $6.39 million, bringing the position to 1.15% of its reportable AUM.
• Westfuller Advisors initiated a new VBIL stake of 42,962 shares worth roughly $3.24 million, representing 1.31% of its 13F assets alongside an existing SGOV holding.
• VBIL’s recent metrics included a share price near $75.56–$75.62, net assets around $4.64 billion, a 30‑day SEC yield near 3.56%, and an expense ratio reported around 0.06%–0.07%.
• Coverage frames the divergent trades as portfolio reallocation between ultra‑short Treasury cash sleeves and equities, with fee comparisons noting VBIL at 0.07% versus SGOV at 0.09%.