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

Vanguard California Tax-Exempt Bond ETF (BATS:VTECGet Free Report) hit a new 52-week low during 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 Stock Down 0.1%

The firm’s fifty day moving average price is $99.22 and its 200 day moving average price is $99.74.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTEC. Royal Bank of Canada raised its stake in shares of Vanguard California Tax-Exempt Bond ETF by 438.1% during the 1st quarter. Royal Bank of Canada now owns 29,596 shares of the company’s stock valued at $2,912,000 after buying an additional 24,096 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Vanguard California Tax-Exempt Bond ETF in the first quarter worth about $417,000. JPMorgan Chase & Co. grew its holdings in Vanguard California Tax-Exempt Bond ETF by 8.1% during the second quarter. JPMorgan Chase & Co. now owns 19,031 shares of the company’s stock worth $1,858,000 after acquiring an additional 1,426 shares during the period. Cerity Partners LLC purchased a new position in Vanguard California Tax-Exempt Bond ETF during the second quarter valued at approximately $702,000. Finally, Diversify Advisory Services LLC purchased a new position in Vanguard California Tax-Exempt Bond ETF during the second quarter valued at approximately $1,930,000.

About Vanguard California Tax-Exempt Bond ETF

(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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