Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Hits New 52-Week Low – Should You Sell?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) reached a new 52-week low on Tuesday . The company 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 Trading Down 0.0%

The firm’s fifty day moving average is $100.81 and its 200-day moving average is $101.17.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Savant Capital LLC raised its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the fourth quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock worth $10,801,000 after acquiring an additional 11,852 shares during the last quarter. Rothschild Wealth LLC acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter worth about $950,000. McNaughton Wealth Management LLC raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 171.8% during the 2nd quarter. McNaughton Wealth Management LLC now owns 13,472 shares of the company’s stock worth $1,365,000 after purchasing an additional 8,516 shares during the last quarter. Wescott Financial Advisory Group LLC raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% during 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 last quarter. Finally, Essex Bank lifted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 221.9% during the 1st quarter. Essex Bank now owns 8,015 shares of the company’s stock valued at $811,000 after purchasing an additional 5,525 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.