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

Shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES – Get Free Report) saw strong trading volume on Friday. 1,195,700 shares traded hands 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 Down 0.2%

The stock’s fifty day moving average price is $100.41 and its 200-day moving average price is $100.92.

Hedge Funds Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Institutional investors have recently bought and sold shares of the business. Wescott Financial Advisory Group LLC raised its stake in 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 buying an additional 32,412 shares during the period. Bank of America Corp DE boosted its stake 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 acquiring an additional 99,912 shares during the period. TIAA Trust National Association boosted 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 acquiring an additional 31,200 shares during the period. Savant Capital LLC increased its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock worth $10,801,000 after acquiring an additional 11,852 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 8.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 100,525 shares of the company’s stock valued at $10,184,000 after acquiring an additional 8,187 shares during the period.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

(Get Free Report)

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.

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