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

Shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw unusually-strong trading volume on Wednesday . Approximately 156,959 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 174,909 shares.The stock last traded at $100.82 and had previously closed at $100.83.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The firm’s 50 day moving average price is $101.05 and its two-hundred day moving average price is $101.50.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VTES. NewEdge Advisors LLC increased its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 124.5% in the 1st quarter. NewEdge Advisors LLC now owns 5,935 shares of the company’s stock valued at $597,000 after buying an additional 3,291 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 1st quarter valued at about $3,991,000. Focus Partners Wealth bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 1st quarter valued at about $611,000. Main Street Financial Solutions LLC increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 3.3% in the second quarter. Main Street Financial Solutions LLC now owns 4,598 shares of the company’s stock valued at $464,000 after acquiring an additional 146 shares during the last quarter. Finally, Betterment LLC acquired a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the second quarter valued at about $307,000.

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.