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

Shares of Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTESGet Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $100.55 and last traded at $100.55, with a volume of 26323 shares. The stock had previously closed at $100.71.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

The firm has a 50-day moving average of $101.05 and a two-hundred day moving average of $101.49.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 124.5% in the 1st quarter. NewEdge Advisors LLC now owns 5,935 shares of the company’s stock valued at $597,000 after purchasing an additional 3,291 shares in the last quarter. Jane Street Group LLC acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 1st quarter worth approximately $3,991,000. Focus Partners Wealth acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 1st quarter worth approximately $611,000. Main Street Financial Solutions LLC increased its position in Vanguard Short-Term Tax-Exempt Bond ETF by 3.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,598 shares of the company’s stock worth $464,000 after purchasing an additional 146 shares in the last quarter. Finally, Betterment LLC purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the second quarter valued at approximately $307,000.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

(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.

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