Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Reaches New 12-Month Low – Here’s Why

Shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) reached a new 52-week low 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 Stock Down 0.0%

The stock has a 50 day moving average of $100.87 and a 200-day moving average of $101.22.

Institutional Investors Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter worth about $30,000. Nepc LLC purchased a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter worth approximately $30,000. Birchwood Financial Partners Inc. purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter valued at $36,000. Gould Capital LLC bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter valued at about $51,000. Finally, Triumph Capital Management grew its position 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 last quarter.

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.