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

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

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The firm’s 50-day moving average price is $100.65 and its 200 day moving average price is $101.06.

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

Several institutional investors and hedge funds have recently bought and sold shares of VTES. Wescott Financial Advisory Group LLC grew its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock worth $67,910,000 after acquiring an additional 32,412 shares in the last quarter. Bank of America Corp DE raised 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 valued at $38,326,000 after acquiring an additional 99,912 shares in the last quarter. TIAA Trust National Association lifted its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the fourth 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 during the last quarter. Savant Capital LLC lifted its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the fourth quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock worth $10,801,000 after purchasing an additional 11,852 shares during the last quarter. Finally, Beacon Bank & Trust boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 2.0% in the second quarter. Beacon Bank & Trust now owns 96,154 shares of the company’s stock worth $9,741,000 after purchasing an additional 1,926 shares during the period.

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.