Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Reaches New 52-Week Low – Here’s Why

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

Vanguard California Tax-Exempt Bond ETF Price Performance

The business’s 50 day moving average is $98.64 and its 200 day moving average is $99.48.

Hedge Funds Weigh In On Vanguard California Tax-Exempt Bond ETF

Hedge funds have recently made changes to their positions in the company. Cherry Tree Wealth Management LLC acquired a new position in Vanguard California Tax-Exempt Bond ETF in the 4th quarter worth about $80,000. Timbuktu Capital Management LLC acquired a new stake in Vanguard California Tax-Exempt Bond ETF in the second quarter valued at approximately $87,000. Blue Trust Inc. purchased a new stake in shares of Vanguard California Tax-Exempt Bond ETF in the first quarter valued at approximately $167,000. Virtue Asset Management LLC purchased a new stake in shares of Vanguard California Tax-Exempt Bond ETF in the fourth quarter valued at approximately $201,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of Vanguard California Tax-Exempt Bond ETF in the first quarter valued at approximately $203,000.

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.