Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Large Volume Increase – Should You Buy?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES – Get Free Report) saw strong trading volume on Thursday. 1,230,512 shares were traded during trading, an increase of 335% from the previous session’s volume of 283,041 shares. The stock last traded at $98.7150 and had previously closed at $98.60.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.1%

The company’s fifty day moving average is $100.14 and its two-hundred day moving average is $100.78.

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

A number of large investors have recently modified their holdings of the company. AdvisorNet Financial Inc purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 1st quarter worth $30,000. Gould Capital LLC purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at $51,000. Triumph Capital Management raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 50.0% in the second quarter. Triumph Capital Management now owns 1,500 shares of the company’s stock valued at $152,000 after buying an additional 500 shares in the last quarter. Valmark Advisers Inc. acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter valued at $232,000. Finally, Washington Trust Advisors Inc. lifted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 5.8% during the 2nd quarter. Washington Trust Advisors Inc. now owns 2,347 shares of the company’s stock worth $238,000 after buying an additional 129 shares during the last quarter.

About Vanguard Short-Term Tax-Exempt Bond ETF

(Get Free Report)

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.

Further Reading

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