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) saw unusually-high trading volume on Thursday . Approximately 228,716 shares were traded during mid-day trading, an increase of 31% from the previous session’s volume of 174,780 shares.The stock last traded at $101.81 and had previously closed at $101.82.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

The firm has a 50-day moving average price of $102.17 and a 200 day moving average price of $101.84.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.2362 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.8%. This is an increase from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.22.

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

Several hedge funds have recently made changes to their positions in VTES. Nepc LLC purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at approximately $30,000. Rossby Financial LCC acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth about $36,000. Gould Capital LLC purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter valued at about $51,000. Finally, American National Bank & Trust boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% in the 4th quarter. American National Bank & Trust now owns 651 shares of the company’s stock valued at $66,000 after purchasing an additional 351 shares during the period.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

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.