Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sets New 52-Week Low – Here’s Why

Vanguard Total Corporate Bond ETF (NASDAQ:VTC)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $75.57 and last traded at $75.60, with a volume of 26516 shares. The stock had previously closed at $75.76.

Vanguard Total Corporate Bond ETF Stock Performance

The firm has a 50-day simple moving average of $76.42 and a two-hundred day simple moving average of $77.08.

Vanguard Total Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a dividend of $0.316 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date was Wednesday, July 1st.

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

Several hedge funds have recently bought and sold shares of VTC. Waverly Advisors LLC purchased a new position in shares of Vanguard Total Corporate Bond ETF during the 1st quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new stake in Vanguard Total Corporate Bond ETF during the fourth quarter valued at $39,000. Ascentis Independent Advisors acquired a new stake in Vanguard Total Corporate Bond ETF during the first quarter valued at $49,000. Winthrop Capital Management LLC increased its holdings in Vanguard Total Corporate Bond ETF by 11.4% in the fourth quarter. Winthrop Capital Management LLC now owns 2,200 shares of the company’s stock valued at $171,000 after buying an additional 225 shares in the last quarter. Finally, IFP Advisors Inc purchased a new position in Vanguard Total Corporate Bond ETF in the fourth quarter valued at $203,000.

Vanguard Total Corporate Bond ETF Company Profile

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.