Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sets New 1-Year Low – Time to Sell?

Shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) hit a new 52-week low on Tuesday . The stock traded as low as $99.41 and last traded at $99.50, with a volume of 453139 shares trading hands. The stock had previously closed at $99.51.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Down 0.3%

The business has a fifty day moving average of $100.46 and a 200-day moving average of $100.94.

Institutional Trading of Vanguard Short-Term Tax-Exempt Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VTES. Envestnet Portfolio Solutions Inc. boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 20.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,783 shares of the company’s stock worth $687,000 after buying an additional 1,165 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 100,525 shares of the company’s stock worth $10,184,000 after acquiring an additional 8,187 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 27.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 24,896 shares of the company’s stock worth $2,522,000 after acquiring an additional 5,347 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 17.1% in the 2nd quarter. NewEdge Advisors LLC now owns 34,423 shares of the company’s stock worth $3,487,000 after acquiring an additional 5,031 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 145.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,913 shares of the company’s stock worth $599,000 after acquiring an additional 3,500 shares during the last quarter.

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.