Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Sets New 52-Week Low – Should You Sell?

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC – Get Free Report)’s stock price reached a new 52-week low on Thursday. The stock traded as low as $93.46 and last traded at $93.6110, with a volume of 48834 shares trading hands. The stock had previously closed at $93.69.

Vanguard California Tax-Exempt Bond ETF Stock Performance

The company’s 50 day moving average is $97.09 and its 200-day moving average is $98.79.

Institutional Trading of Vanguard California Tax-Exempt Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Vanguard California Tax-Exempt Bond ETF by 11.0% during the 1st quarter. Bank of America Corp DE now owns 336,901 shares of the company’s stock worth $33,380,000 after buying an additional 33,268 shares during the period. Wedmont Private Capital increased its stake in Vanguard California Tax-Exempt Bond ETF by 25.4% during the 2nd quarter. Wedmont Private Capital now owns 244,141 shares of the company’s stock valued at $24,436,000 after purchasing an additional 49,518 shares in the last quarter. Pasadena Private Wealth LLC acquired a new position in Vanguard California Tax-Exempt Bond ETF during the first quarter worth $13,775,000. Corient Private Wealth LP raised its holdings in Vanguard California Tax-Exempt Bond ETF by 40.4% during the second 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 during the last quarter. Finally, Eclectic Associates Inc. ADV increased its position in shares of Vanguard California Tax-Exempt Bond ETF by 22.3% during the second quarter. Eclectic Associates Inc. ADV now owns 78,851 shares of the company’s stock worth $7,932,000 after acquiring an additional 14,376 shares in the last quarter.

About Vanguard California Tax-Exempt Bond ETF

(Get Free Report)

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.

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