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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES)’s share price hit a new 52-week low on Thursday . The stock 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 Stock Down 0.3%

The stock’s fifty day simple moving average is $101.06 and its 200-day simple moving average is $101.51.

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

Institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the first quarter worth approximately $30,000. Nepc LLC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth $30,000. Birchwood Financial Partners Inc. acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter valued at $36,000. Gould Capital LLC acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter valued at $51,000. Finally, American National Bank & Trust lifted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% during the 4th quarter. American National Bank & Trust now owns 651 shares of the company’s stock valued at $66,000 after acquiring an additional 351 shares during the period.

About Vanguard Short-Term Tax-Exempt Bond ETF

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.