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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $100.29 and last traded at $100.30, with a volume of 77912 shares. The stock had previously closed at $100.74.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Down 0.4%

The business has a 50-day moving average price of $100.90 and a 200 day moving average price of $101.25.

Hedge Funds Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Institutional investors have recently bought and sold shares of the business. Savant Capital LLC lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% in the 4th quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock valued at $10,801,000 after acquiring an additional 11,852 shares during the last quarter. Truist Financial Corp grew its position in Vanguard Short-Term Tax-Exempt Bond ETF by 86.1% in the fourth quarter. Truist Financial Corp now owns 81,233 shares of the company’s stock worth $8,251,000 after acquiring an additional 37,594 shares in the last quarter. McNaughton Wealth Management LLC increased its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 171.8% during the second quarter. McNaughton Wealth Management LLC now owns 13,472 shares of the company’s stock worth $1,365,000 after acquiring an additional 8,516 shares during the last quarter. Rothschild Wealth LLC bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth approximately $950,000. Finally, Eclectic Associates Inc. ADV raised its position in Vanguard Short-Term Tax-Exempt Bond ETF by 25.5% during the fourth quarter. Eclectic Associates Inc. ADV now owns 48,974 shares of the company’s stock valued at $4,975,000 after purchasing an additional 9,951 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.