Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Hits New 52-Week Low – Should You Sell?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $100.26 and last traded at $100.3440, with a volume of 980390 shares changing hands. The stock had previously closed at $100.35.

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

The company has a 50-day moving average price of $100.81 and a 200 day moving average price of $101.17.

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

Large investors have recently made changes to their positions in the business. Corient Private Wealth LLC increased its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 78.8% during the 2nd quarter. Corient Private Wealth LLC now owns 324,142 shares of the company’s stock worth $32,716,000 after purchasing an additional 142,881 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 35.8% in the first quarter. Bank of America Corp DE now owns 378,943 shares of the company’s stock worth $38,326,000 after buying an additional 99,912 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 72.8% during the 3rd quarter. Raymond James Financial Inc. now owns 142,102 shares of the company’s stock worth $14,484,000 after purchasing an additional 59,864 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 180.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 87,640 shares of the company’s stock valued at $8,902,000 after purchasing an additional 56,375 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 222.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 77,581 shares of the company’s stock valued at $7,880,000 after acquiring an additional 53,500 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.