Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Hits New 12-Month Low – What’s Next?

Vanguard California Tax-Exempt Bond ETF (BATS:VTECGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as $97.15 and last traded at $97.22, with a volume of 462648 shares changing hands. The stock had previously closed at $97.28.

Vanguard California Tax-Exempt Bond ETF Stock Performance

The company has a 50 day moving average of $98.96 and a 200-day moving average of $99.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC lifted its holdings in Vanguard California Tax-Exempt Bond ETF by 432.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 6,830 shares of the company’s stock worth $685,000 after acquiring an additional 5,548 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard California Tax-Exempt Bond ETF by 86.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,146 shares of the company’s stock worth $1,318,000 after purchasing an additional 6,098 shares during the period. Evoke Wealth LLC raised its position in shares of Vanguard California Tax-Exempt Bond ETF by 167.4% during the 4th quarter. Evoke Wealth LLC now owns 100,023 shares of the company’s stock worth $10,028,000 after purchasing an additional 62,621 shares during the period. Bank of America Corp DE lifted its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 11.0% in the 1st quarter. Bank of America Corp DE now owns 336,901 shares of the company’s stock worth $33,380,000 after purchasing an additional 33,268 shares during the last quarter. Finally, Shared Vision Wealth Group LLC lifted its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 76.4% in the 4th quarter. Shared Vision Wealth Group LLC now owns 44,510 shares of the company’s stock worth $4,484,000 after purchasing an additional 19,280 shares during the last quarter.

Vanguard California Tax-Exempt Bond ETF Company Profile

(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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