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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw unusually-high trading volume on Wednesday . 138,066 shares traded hands during mid-day trading, a decline of 24% from the previous session’s volume of 182,374 shares.The stock last traded at $100.91 and had previously closed at $100.95.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The company’s 50-day moving average is $100.93 and its 200 day moving average is $101.29.

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

Institutional investors have recently made changes to their positions in the company. Washington Trust Advisors Inc. raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 5.8% in the 2nd quarter. Washington Trust Advisors Inc. now owns 2,347 shares of the company’s stock worth $238,000 after acquiring an additional 129 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 14.6% in the 2nd quarter. Wedmont Private Capital now owns 9,102 shares of the company’s stock worth $920,000 after purchasing an additional 1,163 shares in the last quarter. Mayport LLC raised its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 3.0% in the second quarter. Mayport LLC now owns 63,855 shares of the company’s stock worth $6,469,000 after purchasing an additional 1,849 shares during the last quarter. Bedel Financial Consulting Inc. lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 9.3% during the second quarter. Bedel Financial Consulting Inc. now owns 38,035 shares of the company’s stock valued at $3,853,000 after purchasing an additional 3,228 shares in the last quarter. Finally, Triumph Capital Management boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 50.0% during the second quarter. Triumph Capital Management now owns 1,500 shares of the company’s stock valued at $152,000 after buying an additional 500 shares during 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.