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

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) reached a new 52-week low on Monday . The stock traded as low as $95.83 and last traded at $96.2160, with a volume of 761612 shares trading hands. The stock had previously closed at $96.08.

Vanguard California Tax-Exempt Bond ETF Stock Down 0.0%

The stock has a 50 day moving average price of $98.33 and a 200-day moving average price of $99.32.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VTEC. Capital Advantage Inc. bought a new stake in shares of Vanguard California Tax-Exempt Bond ETF during the 2nd quarter valued at about $453,000. Integrated Wealth Concepts LLC increased its position in shares of Vanguard California Tax-Exempt Bond ETF by 29.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,034 shares of the company’s stock valued at $708,000 after purchasing an additional 1,598 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Vanguard California Tax-Exempt Bond ETF by 105.9% in the 2nd 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 lifted its stake in shares of Vanguard California Tax-Exempt Bond ETF by 40.4% in the 2nd quarter. Corient Private Wealth LP now owns 91,669 shares of the company’s stock worth $9,222,000 after purchasing an additional 26,393 shares during the period. Finally, Wedmont Private Capital boosted its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 25.4% in 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.

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.