Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Hits New 12-Month Low – What’s Next?

Shares of Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $97.15 and last traded at $97.22, with a volume of 462648 shares trading hands. The stock had previously closed at $97.28.

Vanguard California Tax-Exempt Bond ETF Trading Down 0.1%

The firm’s 50-day moving average price is $98.96 and its 200 day moving average price is $99.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 105.9% during the second quarter. Allworth Financial LP now owns 2,238 shares of the company’s stock valued at $225,000 after buying an additional 1,151 shares during the last quarter. Corient Private Wealth LP grew its holdings in Vanguard California Tax-Exempt Bond ETF by 40.4% in the 2nd quarter. Corient Private Wealth LP now owns 91,669 shares of the company’s stock worth $9,222,000 after buying an additional 26,393 shares in the last quarter. Wedmont Private Capital increased its position in Vanguard California Tax-Exempt Bond ETF by 25.4% in the 2nd quarter. Wedmont Private Capital now owns 244,141 shares of the company’s stock valued at $24,436,000 after acquiring an additional 49,518 shares during the period. Timbuktu Capital Management LLC bought a new stake in Vanguard California Tax-Exempt Bond ETF during the 2nd quarter valued at $87,000. Finally, Leo H. Evart Inc. bought a new stake in Vanguard California Tax-Exempt Bond ETF during the 2nd quarter valued at $249,000.

About Vanguard California Tax-Exempt Bond ETF

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.