Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sets New 52-Week Low – Here’s What Happened

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 changing hands. The stock had previously closed at $100.74.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Down 0.4%

The company has a fifty day moving average of $100.90 and a two-hundred day moving average of $101.25.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VTES. AdvisorNet Financial Inc purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter valued at $30,000. Nepc LLC purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth about $30,000. Birchwood Financial Partners Inc. purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth about $36,000. Gould Capital LLC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter valued at about $51,000. Finally, Triumph Capital Management grew its holdings 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 valued at $152,000 after purchasing 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.