Northwestern Mutual Wealth Management Co. Acquires 6,098 Shares of Vanguard California Tax-Exempt Bond ETF $VTEC

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) by 86.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,146 shares of the company’s stock after acquiring an additional 6,098 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of Vanguard California Tax-Exempt Bond ETF worth $1,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VTEC. Royal Bank of Canada raised its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 438.1% during the first quarter. Royal Bank of Canada now owns 29,596 shares of the company’s stock valued at $2,912,000 after acquiring an additional 24,096 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Vanguard California Tax-Exempt Bond ETF during the first quarter valued at approximately $417,000. JPMorgan Chase & Co. raised its holdings in Vanguard California Tax-Exempt Bond ETF by 8.1% in the second quarter. JPMorgan Chase & Co. now owns 19,031 shares of the company’s stock worth $1,858,000 after purchasing an additional 1,426 shares in the last quarter. Cerity Partners LLC bought a new position in Vanguard California Tax-Exempt Bond ETF in the second quarter worth $702,000. Finally, Diversify Advisory Services LLC bought a new position in Vanguard California Tax-Exempt Bond ETF in the second quarter worth $1,930,000.

Vanguard California Tax-Exempt Bond ETF Stock Performance

VTEC opened at $99.87 on Monday. The stock has a fifty day simple moving average of $99.62 and a two-hundred day simple moving average of $100.23. Vanguard California Tax-Exempt Bond ETF has a 12-month low of $96.35 and a 12-month high of $101.90.

Vanguard California Tax-Exempt Bond ETF Profile

The Vanguard California Tax-Exempt Bond ETF (VTEC) 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 California governments and agencies. VTEC was launched on Jan 30, 2024 and is issued by Vanguard.