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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) shares saw an uptick in trading volume on Thursday . 228,716 shares traded hands during mid-day trading, an increase of 31% from the previous session’s volume of 174,780 shares.The stock last traded at $101.81 and had previously closed at $101.82.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.0%

The company has a fifty day moving average price of $102.17 and a 200-day moving average price of $101.84.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.2362 per share. This is a boost from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VTES. Nepc LLC acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth about $30,000. Rossby Financial LCC acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter valued at about $33,000. Birchwood Financial Partners Inc. acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth about $36,000. Gould Capital LLC purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth about $51,000. Finally, American National Bank & Trust boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% in the 4th quarter. American National Bank & Trust now owns 651 shares of the company’s stock valued at $66,000 after purchasing an additional 351 shares during 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.