Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Reaches New 52-Week Low – What’s Next?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $99.61 and last traded at $99.6440, with a volume of 178864 shares traded. The stock had previously closed at $99.66.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Down 0.0%

The stock has a fifty day moving average price of $100.65 and a 200-day moving average price of $101.06.

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

Several large investors have recently made changes to their positions in VTES. Wescott Financial Advisory Group LLC raised its position in Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock valued at $67,910,000 after purchasing an additional 32,412 shares during the period. Bank of America Corp DE grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 35.8% in the first quarter. Bank of America Corp DE now owns 378,943 shares of the company’s stock valued at $38,326,000 after buying an additional 99,912 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. TIAA Trust National Association now owns 281,168 shares of the company’s stock valued at $28,560,000 after buying an additional 31,200 shares during the period. Savant Capital LLC lifted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock worth $10,801,000 after acquiring an additional 11,852 shares in the last quarter. Finally, Beacon Bank & Trust lifted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 2.0% during the 2nd quarter. Beacon Bank & Trust now owns 96,154 shares of the company’s stock worth $9,741,000 after acquiring an additional 1,926 shares in the last quarter.

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.