Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw an uptick in trading volume on Wednesday . 138,066 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 182,374 shares.The stock last traded at $100.91 and had previously closed at $100.95.

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

The stock has a 50-day simple moving average of $100.92 and a two-hundred day simple moving average of $101.27.

Institutional Trading of Vanguard Short-Term Tax-Exempt Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in VTES. Savant Capital LLC raised its holdings 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 valued at $10,801,000 after purchasing an additional 11,852 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 86.1% during the fourth quarter. Truist Financial Corp now owns 81,233 shares of the company’s stock valued at $8,251,000 after purchasing an additional 37,594 shares in the last quarter. Eclectic Associates Inc. ADV increased its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 25.5% during the fourth quarter. Eclectic Associates Inc. ADV now owns 48,974 shares of the company’s stock valued at $4,975,000 after buying an additional 9,951 shares during the period. Rothschild Wealth LLC purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter valued at approximately $950,000. Finally, Wescott Financial Advisory Group LLC increased its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock valued at $67,910,000 after buying an additional 32,412 shares during the period.

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.