Raymond James Financial Inc. Makes New $1.58 Million Investment in Vanguard California Tax-Exempt Bond ETF (NYSEARCA:VTEC)

Raymond James Financial Inc. acquired a new stake in Vanguard California Tax-Exempt Bond ETF (NYSEARCA:VTEC) in the 4th quarter, HoldingsChannel reports. The fund acquired 15,896 shares of the company’s stock, valued at approximately $1,582,000.

A number of other hedge funds have also recently modified their holdings of the stock. FLC Capital Advisors raised its position in Vanguard California Tax-Exempt Bond ETF by 1.0% during the fourth quarter. FLC Capital Advisors now owns 17,754 shares of the company’s stock valued at $1,767,000 after acquiring an additional 176 shares in the last quarter. Keystone Wealth Services LLC increased its holdings in shares of Vanguard California Tax-Exempt Bond ETF by 6.4% during the 4th quarter. Keystone Wealth Services LLC now owns 3,755 shares of the company’s stock valued at $374,000 after purchasing an additional 225 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in shares of Vanguard California Tax-Exempt Bond ETF by 7.7% in the 4th quarter. Meridian Wealth Management LLC now owns 4,905 shares of the company’s stock valued at $488,000 after purchasing an additional 350 shares during the period. Albion Financial Group UT purchased a new stake in Vanguard California Tax-Exempt Bond ETF during the fourth quarter worth $42,000. Finally, Golden State Wealth Management LLC purchased a new stake in Vanguard California Tax-Exempt Bond ETF during the fourth quarter worth $50,000.

Vanguard California Tax-Exempt Bond ETF Stock Up 0.2 %

VTEC opened at $98.60 on Wednesday. The company has a fifty day moving average of $99.37 and a two-hundred day moving average of $99.96. Vanguard California Tax-Exempt Bond ETF has a fifty-two week low of $97.91 and a fifty-two week high of $101.85.

Vanguard California Tax-Exempt Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2048 per share. The ex-dividend date of this dividend is Tuesday, April 1st.

Vanguard California Tax-Exempt Bond ETF Profile

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.