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

Shares of Vanguard California Tax-Exempt Bond ETF (BATS:VTECGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $97.30 and last traded at $97.3050, with a volume of 392945 shares trading hands. The stock had previously closed at $97.42.

Vanguard California Tax-Exempt Bond ETF Trading Down 0.1%

The business has a fifty day simple moving average of $99.22 and a two-hundred day simple moving average of $99.74.

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

A number of hedge funds have recently made changes to their positions in VTEC. Corient Private Wealth LP lifted its position in Vanguard California Tax-Exempt Bond ETF by 40.4% during the 2nd quarter. Corient Private Wealth LP now owns 91,669 shares of the company’s stock worth $9,222,000 after acquiring an additional 26,393 shares during the period. Wedmont Private Capital raised its stake 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 purchasing an additional 49,518 shares during the last quarter. Timbuktu Capital Management LLC purchased a new position in shares of Vanguard California Tax-Exempt Bond ETF in the second quarter worth about $87,000. Leo H. Evart Inc. acquired a new stake in shares of Vanguard California Tax-Exempt Bond ETF during the second quarter worth about $249,000. Finally, WorthPointe LLC acquired a new stake in shares of Vanguard California Tax-Exempt Bond ETF during the second quarter worth about $701,000.

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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