Meridian Wealth Management LLC Has $1.17 Million Stake in Vanguard California Tax-Exempt Bond ETF $VTEC

Meridian Wealth Management LLC boosted its holdings in shares of Vanguard California Tax-Exempt Bond ETF (NYSEARCA:VTEC) by 118.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,725 shares of the company’s stock after acquiring an additional 6,350 shares during the quarter. Meridian Wealth Management LLC owned approximately 0.09% of Vanguard California Tax-Exempt Bond ETF worth $1,170,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Vanguard California Tax-Exempt Bond ETF by 438.1% during the 1st quarter. Royal Bank of Canada now owns 29,596 shares of the company’s stock worth $2,912,000 after purchasing an additional 24,096 shares during the last quarter. AQR Capital Management LLC bought a new stake in Vanguard California Tax-Exempt Bond ETF in the first quarter worth $417,000. Joel Isaacson & Co. LLC acquired a new position in Vanguard California Tax-Exempt Bond ETF during the second quarter worth $261,000. NavPoint Financial Inc. acquired a new position in Vanguard California Tax-Exempt Bond ETF during the second quarter worth $313,000. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Vanguard California Tax-Exempt Bond ETF by 5.3% in the second quarter. Concurrent Investment Advisors LLC now owns 14,898 shares of the company’s stock valued at $1,454,000 after buying an additional 751 shares during the period.

Vanguard California Tax-Exempt Bond ETF Stock Performance

Shares of VTEC opened at $100.75 on Tuesday. The stock’s 50-day moving average price is $100.44 and its 200 day moving average price is $99.47. Vanguard California Tax-Exempt Bond ETF has a 12-month low of $94.02 and a 12-month high of $101.00.

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.