Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Hits New 1-Year Low – Time to Sell?

Shares of Vanguard Total Corporate Bond ETF (NASDAQ:VTC – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $75.15 and last traded at $75.18, with a volume of 5853 shares. The stock had previously closed at $75.40.

Vanguard Total Corporate Bond ETF Price Performance

The firm has a 50-day moving average of $76.33 and a 200 day moving average of $76.98.

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Vanguard Total Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VTC. Kelsey Financial LLC bought a new position in Vanguard Total Corporate Bond ETF in the 4th quarter valued at about $795,000. Marble Wealth LLC acquired a new stake in shares of Vanguard Total Corporate Bond ETF in the 4th quarter worth approximately $3,794,000. Mill Creek Capital Advisors LLC boosted its holdings in shares of Vanguard Total Corporate Bond ETF by 4.5% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 913,233 shares of the company’s stock valued at $70,903,000 after acquiring an additional 39,603 shares in the last quarter. North Dakota State Investment Board bought a new position in shares of Vanguard Total Corporate Bond ETF in the fourth quarter valued at approximately $28,173,000. Finally, Axxcess Wealth Management LLC increased its stake in shares of Vanguard Total Corporate Bond ETF by 6.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 772,526 shares of the company’s stock valued at $59,979,000 after acquiring an additional 46,288 shares during the period.

Vanguard Total Corporate Bond ETF Company Profile

(Get Free Report)

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.

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