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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw unusually-high trading volume on Thursday. Approximately 1,230,512 shares traded hands during trading, an increase of 335% from the previous session’s volume of 283,041 shares. The stock last traded at $98.7150 and had previously closed at $98.60.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

The firm has a 50 day moving average price of $100.21 and a 200-day moving average price of $100.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 20.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,783 shares of the company’s stock worth $687,000 after purchasing an additional 1,165 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 100,525 shares of the company’s stock valued at $10,184,000 after buying an additional 8,187 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 27.4% in the second quarter. Integrated Wealth Concepts LLC now owns 24,896 shares of the company’s stock valued at $2,522,000 after buying an additional 5,347 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 17.1% during the 2nd quarter. NewEdge Advisors LLC now owns 34,423 shares of the company’s stock worth $3,487,000 after acquiring an additional 5,031 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 145.0% during the 2nd quarter. Baird Financial Group Inc. now owns 5,913 shares of the company’s stock worth $599,000 after acquiring an additional 3,500 shares in the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

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.