Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Strong Trading Volume – What’s Next?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw strong trading volume on Wednesday . 156,959 shares were traded during trading, a decline of 10% from the previous session’s volume of 174,909 shares.The stock last traded at $100.82 and had previously closed at $100.83.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The business’s 50-day moving average is $101.07 and its 200-day moving average is $101.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VTES. AdvisorNet Financial Inc bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter worth $30,000. Nepc LLC purchased a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter valued at about $30,000. Birchwood Financial Partners Inc. bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter valued at about $36,000. Gould Capital LLC bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter valued at about $51,000. Finally, American National Bank & Trust lifted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% in the fourth quarter. American National Bank & Trust now owns 651 shares of the company’s stock worth $66,000 after buying an additional 351 shares in the last quarter.

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.