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) saw an uptick in trading volume on Wednesday . 138,066 shares changed hands during trading, a decline of 24% from the previous session’s volume of 182,374 shares.The stock last traded at $100.91 and had previously closed at $100.95.

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

The business’s 50 day moving average price is $100.93 and its 200 day moving average price is $101.29.

Institutional Investors Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Savant Capital LLC boosted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% in the fourth 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 period. Truist Financial Corp raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 86.1% during the 4th quarter. Truist Financial Corp now owns 81,233 shares of the company’s stock valued at $8,251,000 after purchasing an additional 37,594 shares during the period. Eclectic Associates Inc. ADV lifted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 25.5% in the 4th quarter. Eclectic Associates Inc. ADV now owns 48,974 shares of the company’s stock worth $4,975,000 after purchasing an additional 9,951 shares in the last quarter. Rothschild Wealth LLC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter worth approximately $950,000. Finally, Wescott Financial Advisory Group LLC boosted its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock worth $67,910,000 after purchasing an additional 32,412 shares during the period.

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.