Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw unusually-high trading volume on Friday. Approximately 1,195,700 shares were traded during mid-day trading, an increase of 371% from the previous session’s volume of 253,680 shares. The stock last traded at $98.4550 and had previously closed at $98.68.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The firm’s 50 day moving average price is $100.41 and its two-hundred day moving average price is $100.92.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTES. Wescott Financial Advisory Group LLC increased its position in shares of 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 acquiring an additional 32,412 shares during the last quarter. Bank of America Corp DE increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 35.8% during the 1st quarter. Bank of America Corp DE now owns 378,943 shares of the company’s stock worth $38,326,000 after purchasing an additional 99,912 shares during the last quarter. TIAA Trust National Association raised its stake 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 worth $28,560,000 after purchasing an additional 31,200 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% in the 4th quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock valued at $10,801,000 after buying an additional 11,852 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 100,525 shares of the company’s stock valued at $10,184,000 after buying an additional 8,187 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.