Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Strong Trading Volume – Still a Buy?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) shares saw an uptick in trading volume on Tuesday . 242,320 shares were traded during trading, an increase of 143% from the previous session’s volume of 99,541 shares.The stock last traded at $101.6750 and had previously closed at $101.74.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Up 0.0%

The business’s 50-day moving average is $101.53 and its two-hundred day moving average is $101.52.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bridgewealth Advisory Group LLC grew its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 1.0% in the 3rd quarter. Bridgewealth Advisory Group LLC now owns 9,782 shares of the company’s stock worth $997,000 after acquiring an additional 100 shares in the last quarter. Per Stirling Capital Management LLC. grew its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 1.6% in the second quarter. Per Stirling Capital Management LLC. now owns 6,292 shares of the company’s stock valued at $635,000 after purchasing an additional 102 shares during the last quarter. McIlrath & Eck LLC raised its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 3.5% during the 3rd quarter. McIlrath & Eck LLC now owns 3,024 shares of the company’s stock worth $308,000 after acquiring an additional 102 shares in the last quarter. Daymark Wealth Partners LLC increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 0.9% during the third quarter. Daymark Wealth Partners LLC now owns 13,467 shares of the company’s stock worth $1,373,000 after purchasing an additional 117 shares in the last quarter. Finally, Single Point Partners LLC lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 0.9% during the 3rd quarter. Single Point Partners LLC now owns 13,827 shares of the company’s stock valued at $1,409,000 after purchasing an additional 122 shares during the last quarter.

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.