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

Vanguard California Tax-Exempt Bond ETF (BATS:VTEC)’s stock 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 changing hands. The stock had previously closed at $96.08.

Vanguard California Tax-Exempt Bond ETF Trading Down 0.0%

The firm has a 50-day moving average of $98.33 and a 200 day moving average of $99.32.

Institutional Trading of Vanguard California Tax-Exempt Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Capital Advantage Inc. purchased a new position in shares of Vanguard California Tax-Exempt Bond ETF during the second quarter valued at approximately $453,000. Integrated Wealth Concepts LLC boosted its holdings in Vanguard California Tax-Exempt Bond ETF by 29.4% in the second quarter. Integrated Wealth Concepts LLC now owns 7,034 shares of the company’s stock worth $708,000 after purchasing an additional 1,598 shares during the last quarter. Allworth Financial LP boosted its holdings in Vanguard California Tax-Exempt Bond ETF by 105.9% in the second quarter. Allworth Financial LP now owns 2,238 shares of the company’s stock worth $225,000 after purchasing an additional 1,151 shares during the last quarter. Corient Private Wealth LP grew its position in Vanguard California Tax-Exempt Bond ETF by 40.4% in the 2nd quarter. Corient Private Wealth LP now owns 91,669 shares of the company’s stock worth $9,222,000 after purchasing an additional 26,393 shares during the period. Finally, Wedmont Private Capital grew its position in Vanguard California Tax-Exempt Bond ETF by 25.4% in the 2nd 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 period.

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.