Mustard Seed's ETF Expansion
Mustard Seed Financial expands positions in Vanguard, Dimensional ETFs, actively rebalancing portfolio holdings
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Key Points
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Mustard Seed Financial LLC purchased an additional 17,879 shares of Vanguard Tax-Exempt Bond ETF (VTEB) in Q1, bringing its total to 147,764 shares. The ETF comprises about 4.4% of the firm’s holdings and represents roughly a $7.37 million stake, placing VTEB as the portfolio’s seventh-largest holding.
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VCSH is Mustard Seed’s second-largest position after rising by 6,943 shares (4.0%) to 182,355 shares, about 8.7% of the portfolio and roughly $14.46 million in value.
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Dimensional Short-Duration Fixed Income ETF (DFSD) saw a 20,516-share increase (47.9%), bringing the holding to 63,337 shares. This spells about 1.8% of the portfolio and a value near $3.03 million, making DFSD the 14th-largest holding.
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DFSD is described as an actively managed ETF that primarily invests in investment-grade fixed income. The article notes DFSD opened at $47.75, with a 50-day moving average of $47.83 and a 200-day moving average of $47.99, and a 12-month range of $47.50 to $48.51.
Mustard Seed Financial LLC quietly but steadily built up its fixed-income ETF positions in the first quarter of 2024, boosting stakes across multiple Vanguard and Dimensional funds, according to Watchlist News. The firm's largest move was a 47.9% jump in its Dimensional Short-Duration Fixed Income ETF (DFSD) position, adding 20,516 shares to reach 63,337 total.
The rebalancing reflects a clear lean toward investment-grade, short-duration fixed income. Mustard Seed's second-largest holding is now the Vanguard Short-Term Corporate Bond ETF (VCSH), worth roughly $14.46 million and making up about 8.7% of its total portfolio, according to Ticker Report.
VCSH Climbs to Second-Largest Portfolio Slot
Mustard Seed added 6,943 shares of VCSH in Q1, bringing its total to 182,355 shares. That 4.0% increase pushed the position to roughly $14.46 million in value. It now sits as the firm's second-largest holding, according to Watchlist News.
VCSH tracks investment-grade corporate bonds with short maturities. Short-term bonds carry less interest-rate risk than long-term ones. That makes them a safer choice when rates are uncertain. Mustard Seed's heavy weighting here — nearly 9% of its total portfolio — signals a defensive mindset.
VTEB Stake Grows to Seventh-Largest Holding
The firm bought 17,879 additional shares of Vanguard Tax-Exempt Bond ETF (VTEB), lifting its total to 147,764 shares. That is a 13.8% increase. The position is now worth about $7.37 million and ranks as the portfolio's seventh-largest holding, according to Watchlist News.
VTEB focuses on municipal bonds, which are often tax-free at the federal level. That makes the fund appealing for investors in higher tax brackets. At 4.4% of Mustard Seed's portfolio, it is a meaningful but measured bet on tax-advantaged income.
Dimensional DFSD Sees Biggest Percentage Jump
The most dramatic shift was in DFSD. Mustard Seed added 20,516 shares — a 47.9% surge — bringing its total to 63,337 shares. The position is now valued at around $3.03 million, or about 1.8% of the portfolio, making it the 14th-largest holding, according to Watchlist News.
DFSD is an actively managed ETF. It mainly holds investment-grade fixed-income securities. The fund recently opened at $47.75, with a 50-day moving average of $47.83 and a 200-day moving average of $47.99. Its 12-month range runs from $47.50 to $48.51 — a tight band that shows low price swings.
Broader Strategy Points to Cautious, Diversified Fixed-Income Tilt
Beyond bonds, Mustard Seed also increased its stake in Dimensional US Large Cap Value ETF (DFLV) by 10.5% in Q1 and took a new $234,000 position in Intel Corporation, buying 5,310 shares, according to Ticker Report. These moves show a firm actively adjusting across asset classes.
The overall pattern is clear. Mustard Seed is leaning into short-duration, investment-grade bonds while keeping some equity exposure. It is a classic defensive tilt — seeking steady income with lower risk. The fixed-income moves alone span at least three separate ETFs and tens of millions of dollars in value.
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