Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Sets New 12-Month Low – Here’s What Happened

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $96.05 and last traded at $96.0350, with a volume of 396679 shares traded. The stock had previously closed at $96.39.

Vanguard California Tax-Exempt Bond ETF Stock Performance

The firm’s 50-day moving average is $98.48 and its 200-day moving average is $99.40.

Institutional Investors Weigh In On Vanguard California Tax-Exempt Bond ETF

Several hedge funds have recently made changes to their positions in the company. Capital Advantage Inc. purchased a new stake in Vanguard California Tax-Exempt Bond ETF in the second quarter worth $453,000. Integrated Wealth Concepts LLC lifted its position in Vanguard California Tax-Exempt Bond ETF by 29.4% during the second quarter. Integrated Wealth Concepts LLC now owns 7,034 shares of the company’s stock valued at $708,000 after buying an additional 1,598 shares during the period. Allworth Financial LP boosted its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 105.9% during the 2nd 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 in the last quarter. Corient Private Wealth LP boosted its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 40.4% during the 2nd quarter. Corient Private Wealth LP now owns 91,669 shares of the company’s stock valued at $9,222,000 after buying an additional 26,393 shares in the last quarter. Finally, Wedmont Private Capital grew its position in shares of 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 worth $24,436,000 after buying an additional 49,518 shares during the period.

Vanguard California Tax-Exempt Bond ETF Company 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.