JDM Financial Group LLC Reduces Stock Holdings in Vanguard California Tax-Exempt Bond ETF (NYSEARCA:VTEC)

JDM Financial Group LLC lowered its stake in shares of Vanguard California Tax-Exempt Bond ETF (NYSEARCA:VTEC) by 59.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,216 shares of the company’s stock after selling 1,815 shares during the quarter. JDM Financial Group LLC’s holdings in Vanguard California Tax-Exempt Bond ETF were worth $121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in Vanguard California Tax-Exempt Bond ETF during the fourth quarter valued at $249,000. Aspiriant LLC purchased a new position in shares of Vanguard California Tax-Exempt Bond ETF during the 4th quarter worth about $246,000. Albion Financial Group UT purchased a new position in shares of Vanguard California Tax-Exempt Bond ETF during the 4th quarter worth about $42,000. Eclectic Associates Inc. ADV bought a new position in Vanguard California Tax-Exempt Bond ETF during the 4th quarter valued at about $1,522,000. Finally, SteelPeak Wealth LLC purchased a new stake in Vanguard California Tax-Exempt Bond ETF in the 4th quarter worth about $2,727,000.

Vanguard California Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA VTEC opened at $97.21 on Wednesday. Vanguard California Tax-Exempt Bond ETF has a 1 year low of $94.02 and a 1 year high of $101.85. The firm has a 50-day simple moving average of $97.39 and a two-hundred day simple moving average of $98.98.

Vanguard California Tax-Exempt Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a $0.2613 dividend. The ex-dividend date was Monday, March 3rd.

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.