Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sets New 1-Year Low – Here’s What Happened

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $99.61 and last traded at $99.6440, with a volume of 178864 shares traded. The stock had previously closed at $99.66.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The company’s 50 day simple moving average is $100.60 and its 200-day simple moving average is $101.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTES. Wescott Financial Advisory Group LLC grew its position in Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock worth $67,910,000 after purchasing an additional 32,412 shares during the period. Bank of America Corp DE lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 35.8% during the 1st quarter. Bank of America Corp DE now owns 378,943 shares of the company’s stock valued at $38,326,000 after buying an additional 99,912 shares during the period. TIAA Trust National Association lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. TIAA Trust National Association now owns 281,168 shares of the company’s stock valued at $28,560,000 after buying an additional 31,200 shares during the period. Savant Capital LLC boosted its stake 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 worth $10,801,000 after buying an additional 11,852 shares during the last quarter. Finally, Beacon Bank & Trust boosted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 2.0% in the 2nd quarter. Beacon Bank & Trust now owns 96,154 shares of the company’s stock worth $9,741,000 after buying an additional 1,926 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.