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

Raymond James Financial Inc. bought a new stake in shares of Vanguard California Tax-Exempt Bond ETF (NYSEARCA:VTEC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,896 shares of the company’s stock, valued at approximately $1,582,000. Raymond James Financial Inc. owned approximately 2.45% of Vanguard California Tax-Exempt Bond ETF at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in Vanguard California Tax-Exempt Bond ETF by 685.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,801,709 shares of the company’s stock valued at $179,342,000 after purchasing an additional 1,572,396 shares during the period. Jane Street Group LLC increased its position in shares of Vanguard California Tax-Exempt Bond ETF by 697.2% during the 3rd quarter. Jane Street Group LLC now owns 62,184 shares of the company’s stock valued at $6,304,000 after purchasing an additional 54,384 shares during the last quarter. Financial Management Network Inc. raised its holdings in Vanguard California Tax-Exempt Bond ETF by 76.0% during the 4th quarter. Financial Management Network Inc. now owns 32,216 shares of the company’s stock valued at $3,215,000 after buying an additional 13,909 shares during the period. SteelPeak Wealth LLC bought a new stake in Vanguard California Tax-Exempt Bond ETF in the fourth quarter worth $2,727,000. Finally, FLC Capital Advisors boosted its stake 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 worth $1,767,000 after buying an additional 176 shares during the period.

Vanguard California Tax-Exempt Bond ETF Price Performance

Shares of VTEC opened at $98.60 on Wednesday. The company’s fifty day simple moving average is $99.37 and its 200-day simple moving average is $99.96. Vanguard California Tax-Exempt Bond ETF has a twelve month low of $97.91 and a twelve month high of $101.85.

Vanguard California Tax-Exempt Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st will be given a $0.2048 dividend. The ex-dividend date of this dividend is Tuesday, April 1st.

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.