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

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC) hit a new 52-week low during trading on Tuesday . The stock traded as low as $96.05 and last traded at $96.0350, with a volume of 396679 shares. The stock had previously closed at $96.39.

Vanguard California Tax-Exempt Bond ETF Trading Down 0.4%

The stock’s 50-day simple moving average is $98.64 and its two-hundred day simple moving average is $99.48.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Geometric Wealth Advisors lifted its stake in Vanguard California Tax-Exempt Bond ETF by 1.1% in the 4th quarter. Geometric Wealth Advisors now owns 10,643 shares of the company’s stock valued at $1,067,000 after buying an additional 114 shares in the last quarter. Hurlow Wealth Management Group Inc. increased its stake in Vanguard California Tax-Exempt Bond ETF by 9.8% during the 1st quarter. Hurlow Wealth Management Group Inc. now owns 3,415 shares of the company’s stock worth $338,000 after buying an additional 305 shares in the last quarter. MFA Wealth Services raised its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 18.8% during the first quarter. MFA Wealth Services now owns 2,866 shares of the company’s stock valued at $284,000 after acquiring an additional 454 shares during the last quarter. Cherry Tree Wealth Management LLC acquired a new position in shares of Vanguard California Tax-Exempt Bond ETF during the fourth quarter valued at approximately $80,000. Finally, Retirement Planning Group LLC lifted its position in shares of Vanguard California Tax-Exempt Bond ETF by 13.2% in the first quarter. Retirement Planning Group LLC now owns 6,878 shares of the company’s stock valued at $681,000 after acquiring an additional 801 shares in 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.