Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Reaches New 12-Month Low – Should You Sell?

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) hit a new 52-week low during trading on Monday. The stock traded as low as $94.02 and last traded at $93.7660, with a volume of 31862 shares trading hands. The stock had previously closed at $94.34.

Vanguard California Tax-Exempt Bond ETF Stock Performance

The company has a 50-day simple moving average of $97.87 and a two-hundred day simple moving average of $99.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VTEC. Capital Advantage Inc. bought a new stake in shares of Vanguard California Tax-Exempt Bond ETF in the 2nd quarter valued at about $453,000. Integrated Wealth Concepts LLC grew its holdings 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 worth $708,000 after purchasing an additional 1,598 shares during the period. Allworth Financial LP grew its holdings in 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 worth $225,000 after purchasing an additional 1,151 shares during the period. Corient Private Wealth LP increased its position 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, Wedmont Private Capital increased its position in Vanguard California Tax-Exempt Bond ETF by 25.4% during the second 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 last quarter.

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.