Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Hits New 52-Week Low – Here’s What Happened

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $100.55 and last traded at $100.55, with a volume of 26323 shares traded. The stock had previously closed at $100.71.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Down 0.3%

The business has a 50-day simple moving average of $101.06 and a two-hundred day simple moving average of $101.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the 1st quarter valued at $30,000. Nepc LLC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth $30,000. Birchwood Financial Partners Inc. bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth $36,000. Gould Capital LLC acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at $51,000. Finally, American National Bank & Trust lifted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% during the 4th quarter. American National Bank & Trust now owns 651 shares of the company’s stock worth $66,000 after buying 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.