Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sets New 12-Month Low – Should You Sell?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $75.06 and last traded at $75.07, with a volume of 22607 shares trading hands. The stock had previously closed at $75.18.

Vanguard Total Corporate Bond ETF Stock Down 0.2%

The stock has a fifty day moving average price of $76.03 and a 200 day moving average price of $76.77.

Vanguard Total Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were given a $0.3262 dividend. This is a boost from Vanguard Total Corporate Bond ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Monday, August 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Waverly Advisors LLC purchased a new stake in shares of Vanguard Total Corporate Bond ETF in the first quarter valued at $26,000. Ascentis Independent Advisors bought a new stake in shares of Vanguard Total Corporate Bond ETF in the 1st quarter worth about $49,000. Trust Co. of Vermont purchased a new position in shares of Vanguard Total Corporate Bond ETF during the 2nd quarter worth about $127,000. Winthrop Capital Management LLC boosted its stake in shares of Vanguard Total Corporate Bond ETF by 11.4% during the 4th quarter. Winthrop Capital Management LLC now owns 2,200 shares of the company’s stock worth $171,000 after purchasing an additional 225 shares during the period. Finally, IFP Advisors Inc purchased a new position in shares of Vanguard Total Corporate Bond ETF during the 4th quarter worth about $203,000.

About Vanguard Total Corporate Bond ETF

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.