Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Hits New 12-Month Low – Should You Sell?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) hit a new 52-week low during mid-day trading on Tuesday . The stock 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 Performance

The business has a 50-day moving average of $100.77 and a 200 day moving average of $101.14.

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

A number of institutional investors have recently bought and sold shares of VTES. AdvisorNet Financial Inc purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter valued at about $30,000. Nepc LLC acquired a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth approximately $30,000. Birchwood Financial Partners Inc. bought a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter worth about $36,000. Gould Capital LLC bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at about $51,000. Finally, Triumph Capital Management raised its position in shares of 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 valued at $152,000 after acquiring an additional 500 shares in 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.