Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Reaches New 1-Year Low – Here’s Why

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $93.46 and last traded at $93.6110, with a volume of 48834 shares changing hands. The stock had previously closed at $93.69.

Vanguard California Tax-Exempt Bond ETF Stock Down 0.0%

The business’s fifty day moving average is $97.09 and its 200-day moving average is $98.79.

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

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in Vanguard California Tax-Exempt Bond ETF by 11.0% in the first quarter. Bank of America Corp DE now owns 336,901 shares of the company’s stock valued at $33,380,000 after purchasing an additional 33,268 shares during the period. Wedmont Private Capital grew its position in shares of Vanguard California Tax-Exempt Bond ETF by 25.4% in the 2nd quarter. Wedmont Private Capital now owns 244,141 shares of the company’s stock valued at $24,436,000 after buying an additional 49,518 shares during the last quarter. Pasadena Private Wealth LLC acquired a new stake in shares of Vanguard California Tax-Exempt Bond ETF in the first quarter valued at about $13,775,000. Corient Private Wealth LP increased its stake in shares of Vanguard California Tax-Exempt Bond ETF by 40.4% in the second quarter. Corient Private Wealth LP now owns 91,669 shares of the company’s stock valued at $9,222,000 after buying an additional 26,393 shares during the period. Finally, Eclectic Associates Inc. ADV raised its position in shares of Vanguard California Tax-Exempt Bond ETF by 22.3% during the second quarter. Eclectic Associates Inc. ADV now owns 78,851 shares of the company’s stock worth $7,932,000 after acquiring an additional 14,376 shares during the last quarter.

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.