Vanguard California Tax-Exempt Bond ETF (VTEC)Muni California Intermediate | Exchange Traded Fund | Cboe US
99.97 USD
-0.13
(-0.125%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 5:46 a.m. EDT
The Vanguard California Tax-Exempt Bond ETF presents a classic defensive income profile with significant caveats regarding capital appreciation. The fund offers a robust 3.14% yield, driven by consistent monthly distributions that have held steady around $0.26 per share recently. However, the underlying asset class is under pressure; the price has declined nearly 3% year-to-date, reflecting the market's pricing in of higher interest rates or a rotation away from municipal debt. While the yield provides a cushion against further price drops, it does not fully offset the capital loss for investors seeking total return. The options market reinforces this bearish sentiment, with traders actively buying protection at lower strikes while offering very little upside exposure. For a pure income investor who can tolerate the risk of flat or slightly lower prices, the yield is attractive. For those looking for growth or capital preservation in a rising rate environment, the trajectory remains concerning. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.004031 |
| MSTL | 0.004063 |
| AutoARIMA | 0.004100 |
| AutoTheta | 0.004349 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 81% |
| H-stat | 0.15 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.229 |
| Excess Kurtosis | 0.03 |
| Attribute | Value |
|---|---|
| Trailing P/E | 884.65 |
As of July 11, 2026, 5:46 a.m. EDT: Speculators are positioning defensively with a distinct skew toward put buying. There is notable open interest in out-of-the-money puts at the $99 strike, while call activity is minimal and concentrated further out-of-the-money at $101. This distribution suggests a market expectation of continued stagnation or a downside move rather than a rally.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.26% | 3.16% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-01 | 0.262 | 0.261229 |
| 2026-06-01 | 0.258 | 0.258413 |
| 2026-05-01 | 0.260 | 0.260808 |
| 2026-04-01 | 0.258 | 0.260317 |
| 2026-03-02 | 0.257 | 0.253602 |
| 2026-02-02 | 0.251 | 0.249132 |
| 2025-12-24 | 0.263 | 0.262580 |
| 2025-12-01 | 0.272 | 0.271511 |
| 2025-11-03 | 0.271 | 0.270729 |
| 2025-10-01 | 0.274 | 0.275211 |
| 2025-09-02 | 0.280 | 0.287977 |
| 2025-08-01 | 0.244 | 0.250694 |
| 2025-07-01 | 0.272 | 0.279318 |
| 2025-06-02 | 0.277 | 0.286453 |
| 2025-05-01 | 0.241 | 0.248684 |
| 2025-04-01 | 0.205 | 0.207911 |
| 2025-03-03 | 0.261 | 0.260401 |
| 2025-02-03 | 0.283 | 0.284995 |
| 2024-12-24 | 0.247 | 0.248866 |
| 2024-12-02 | 0.257 | 0.253777 |
| 2024-11-01 | 0.151 | 0.151136 |
| 2024-10-01 | 0.249 | 0.245671 |
| 2024-09-03 | 0.230 | 0.228537 |
| 2024-08-01 | 0.242 | 0.241541 |
| 2024-07-01 | 0.238 | 0.240477 |
| 2024-06-03 | 0.217 | 0.220484 |
| 2024-05-01 | 0.209 | 0.211431 |
| 2024-04-01 | 0.206 | 0.206186 |
| 2024-03-01 | 0.287 | 0.284722 |
| Attribute | Value |
|---|---|
| All Time High | 101.9 |
| All Time Low | 94.019 |
| Ask | 0.0 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 298,280 |
| Average Daily Volume3 Month | 302,598 |
| Average Volume | 302,598 |
| Average Volume10Days | 298,280 |
| Beta3 Year | 0.0 |
| Bid | 0.0 |
| Bid Size | 1,000 |
| Book Value | 3.027 |
| Category | Muni California Intermediate |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 100.08 |
| Day Low | 99.95 |
| Dividend Yield | 3.14 |
| Eps Trailing Twelve Months | 0.113 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 99.86086 |
| Fifty Day Average Change | 0.104133606 |
| Fifty Day Average Change Percent | 0.001042787 |
| Fifty Two Week Change Percent | 3.058076 |
| Fifty Two Week High | 101.9 |
| Fifty Two Week High Change | -1.9350052 |
| Fifty Two Week High Change Percent | -0.018989256 |
| Fifty Two Week Low | 96.35 |
| Fifty Two Week Low Change | 3.6149979 |
| Fifty Two Week Low Change Percent | 0.03751944 |
| Fifty Two Week Range | 96.35 - 101.9 |
| Financial Currency | EUR |
| First Trade Date Milliseconds | 1,706,625,000,000 |
| Full Exchange Name | Cboe US |
| Fund Family | Vanguard |
| Fund Inception Date | 1,706,227,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | This index measures the performance of the investment-grade segment of the California municipal bond market as determined by the index provider, S&P Dow Jones Indices LLC. All of the fund’s investments will be selected through the sampling process, and at least 80% of the fund’s assets will be invested in securities held in the index. It is non-diversified. |
| Long Name | Vanguard California Tax-Exempt Bond ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1860220616 |
| Nav Price | 99.9 |
| Net Assets | 2,840,789,250.0 |
| Net Expense Ratio | 0.06 |
| Open | 100.08 |
| Previous Close | 100.09 |
| Price Hint | 2 |
| Price To Book | 33.024445 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.125 |
| Regular Market Change Percent | -0.124888 |
| Regular Market Day High | 100.08 |
| Regular Market Day Low | 99.95 |
| Regular Market Day Range | 99.95 - 100.08 |
| Regular Market Open | 100.08 |
| Regular Market Previous Close | 100.09 |
| Regular Market Price | 99.965 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 382,339 |
| Shares Outstanding | 6,666,670 |
| Short Name | Vanguard California Tax-Exempt |
| Source Interval | 15 |
| Symbol | VTEC |
| Total Assets | 2,840,789,248 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 884.646 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 2.19653 |
| Trailing Three Month Returns | 2.19653 |
| Triggerable | 1 |
| Two Hundred Day Average | 100.20056 |
| Two Hundred Day Average Change | -0.23556519 |
| Two Hundred Day Average Change Percent | -0.0023509369 |
| Type Disp | ETF |
| Volume | 382,339 |
| Yield | 0.031400003 |
| Ytd Return | 1.75622 |