Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Hits New 52-Week High – What’s Next?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES)’s share price reached 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. The stock had previously closed at $102.32.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The business’s fifty day moving average price is $101.79 and its 200-day moving average price is $101.71.

Vanguard Short-Term Tax-Exempt Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VTES. Concurrent Investment Advisors LLC lifted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 193.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $815,000 after purchasing an additional 5,274 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 39.7% during the second quarter. Osaic Holdings Inc. now owns 30,371 shares of the company’s stock worth $3,065,000 after purchasing an additional 8,626 shares during the last quarter. Beacon Bank & Trust boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 228.3% in the third quarter. Beacon Bank & Trust now owns 82,413 shares of the company’s stock valued at $8,400,000 after acquiring an additional 57,312 shares during the last quarter. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the second quarter worth about $352,000. Finally, Blair William & Co. IL acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 2nd quarter valued at approximately $1,112,000.

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.