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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw an uptick in trading volume on Thursday . Approximately 770,843 shares traded hands during trading, an increase of 278% from the previous session’s volume of 204,001 shares.The stock last traded at $99.6650 and had previously closed at $100.04.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The business’s 50-day moving average price is $100.77 and its 200-day moving average price is $101.14.

Institutional Trading of Vanguard Short-Term Tax-Exempt Bond ETF

Several hedge funds have recently bought and sold shares of the stock. AdvisorNet Financial Inc purchased a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter worth about $30,000. Nepc LLC bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter valued at approximately $30,000. Birchwood Financial Partners Inc. purchased a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter worth approximately $36,000. Gould Capital LLC bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth approximately $51,000. Finally, Triumph Capital Management raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 50.0% during the 2nd quarter. Triumph Capital Management now owns 1,500 shares of the company’s stock worth $152,000 after acquiring an additional 500 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.