Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sets New 12-Month High – Time to Buy?

Shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) hit a new 52-week high on Monday . The company traded as high as $102.45 and last traded at $102.3250, with a volume of 21869 shares changing hands. The stock had previously closed at $102.32.

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

The firm has a 50-day moving average of $101.83 and a two-hundred day moving average of $101.72.

Vanguard Short-Term Tax-Exempt Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.2247 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.6%.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Rossby Financial LCC acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the third quarter worth $33,000. American National Bank & Trust increased its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% in the 4th quarter. American National Bank & Trust now owns 651 shares of the company’s stock worth $66,000 after purchasing an additional 351 shares in the last quarter. Global Retirement Partners LLC raised its position in Vanguard Short-Term Tax-Exempt Bond ETF by 691.1% in the third quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $81,000 after purchasing an additional 698 shares during the last quarter. Rothschild Investment LLC raised its position in Vanguard Short-Term Tax-Exempt Bond ETF by 150.0% in the third quarter. Rothschild Investment LLC now owns 1,250 shares of the company’s stock valued at $127,000 after purchasing an additional 750 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 78.1% during the third quarter. Hanson & Doremus Investment Management now owns 1,462 shares of the company’s stock valued at $149,000 after purchasing an additional 641 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.