Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) Hits New 1-Year Low – Should You Sell?

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $95.83 and last traded at $96.2160, with a volume of 761612 shares. The stock had previously closed at $96.08.

Vanguard California Tax-Exempt Bond ETF Price Performance

The stock’s 50-day moving average is $98.17 and its 200 day moving average is $99.26.

Institutional Investors Weigh In On Vanguard California Tax-Exempt Bond ETF

A number of large investors have recently added to or reduced their stakes in the business. Hurlow Wealth Management Group Inc. lifted its stake in Vanguard California Tax-Exempt Bond ETF by 9.8% in the 1st quarter. Hurlow Wealth Management Group Inc. now owns 3,415 shares of the company’s stock valued at $338,000 after buying an additional 305 shares in the last quarter. MFA Wealth Services grew its holdings in Vanguard California Tax-Exempt Bond ETF by 18.8% during the 1st quarter. MFA Wealth Services now owns 2,866 shares of the company’s stock valued at $284,000 after buying an additional 454 shares during the last quarter. Cherry Tree Wealth Management LLC purchased a new position in Vanguard California Tax-Exempt Bond ETF during the fourth quarter worth $80,000. Retirement Planning Group LLC increased its position in Vanguard California Tax-Exempt Bond ETF by 13.2% during the first quarter. Retirement Planning Group LLC now owns 6,878 shares of the company’s stock worth $681,000 after buying an additional 801 shares in the last quarter. Finally, Integral Investment Advisors Inc. raised its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 21.6% in the second quarter. Integral Investment Advisors Inc. now owns 4,680 shares of the company’s stock worth $471,000 after acquiring an additional 830 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.