Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Reaches New 12-Month High – Time to Buy?

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) shares reached a new 52-week high during trading on Monday . The company traded as high as $102.45 and last traded at $102.3250, with a volume of 21869 shares traded. The stock had previously closed at $102.32.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

The business has a 50-day simple moving average of $101.79 and a two-hundred day simple moving average of $101.71.

Vanguard Short-Term Tax-Exempt Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.2247 dividend. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 124.5% during the first quarter. NewEdge Advisors LLC now owns 5,935 shares of the company’s stock worth $597,000 after buying an additional 3,291 shares in the last quarter. Jane Street Group LLC acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter valued at approximately $3,991,000. Focus Partners Wealth bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter worth approximately $611,000. Blair William & Co. IL acquired a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 2nd quarter worth about $1,112,000. Finally, PDS Planning Inc purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the second quarter valued at about $205,000.

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.