Vanguard California Tax-Exempt Bond ETF (VTEC)

• Market cap: $246M

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

850% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 2

189% more funds holding

Funds holding: 9 [Q1] → 26 (+17) [Q2]

88% more capital invested

Capital invested by funds: $9.84M [Q1] → $18.4M (+$8.61M) [Q2]

50% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 2

4.75% less ownership

Funds ownership: 20.45% [Q1] → 15.7% (-4.75%) [Q2]