Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Hits New 12-Month Low – What’s Next?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $74.75 and last traded at $74.75, with a volume of 6742 shares traded. The stock had previously closed at $75.18.

Vanguard Total Corporate Bond ETF Price Performance

The company has a 50 day moving average of $75.73 and a 200 day moving average of $76.58.

Vanguard Total Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.3262 per share. The ex-dividend date of this dividend was Monday, August 3rd. 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 dividend yield of 5.2%.

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in VTC. Waverly Advisors LLC bought a new stake in shares of Vanguard Total Corporate Bond ETF in the 1st quarter worth about $26,000. Ascentis Independent Advisors bought a new position in Vanguard Total Corporate Bond ETF during the 1st quarter valued at about $49,000. Trust Co. of Vermont bought a new position in Vanguard Total Corporate Bond ETF during the 2nd quarter valued at about $127,000. Winthrop Capital Management LLC lifted its holdings in 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 valued at $171,000 after purchasing an additional 225 shares during the last quarter. Finally, IFP Advisors Inc acquired a new position in Vanguard Total Corporate Bond ETF in the fourth quarter valued at 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.