Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Sets New 52-Week Low – Time to Sell?

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC)’s share price reached a new 52-week low on Thursday . The stock traded as low as $97.30 and last traded at $97.3050, with a volume of 392945 shares. The stock had previously closed at $97.42.

Vanguard California Tax-Exempt Bond ETF Price Performance

The business’s 50-day moving average price is $99.09 and its two-hundred day moving average price is $99.70.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VTEC. Geometric Wealth Advisors raised its stake in Vanguard California Tax-Exempt Bond ETF by 1.1% during the fourth quarter. Geometric Wealth Advisors now owns 10,643 shares of the company’s stock worth $1,067,000 after purchasing an additional 114 shares during the period. WFA of San Diego LLC boosted its position in shares of Vanguard California Tax-Exempt Bond ETF by 18.9% in the fourth quarter. WFA of San Diego LLC now owns 785 shares of the company’s stock worth $79,000 after buying an additional 125 shares during the period. Golden State Wealth Management LLC boosted its holdings in Vanguard California Tax-Exempt Bond ETF by 39.6% in the 4th quarter. Golden State Wealth Management LLC now owns 705 shares of the company’s stock worth $71,000 after acquiring an additional 200 shares during the period. Hurlow Wealth Management Group Inc. grew its position in Vanguard California Tax-Exempt Bond ETF by 9.8% in the first quarter. Hurlow Wealth Management Group Inc. now owns 3,415 shares of the company’s stock valued at $338,000 after acquiring an additional 305 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Vanguard California Tax-Exempt Bond ETF in the third quarter valued at approximately $41,000.

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.