Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Reaches New 12-Month Low – Here’s Why

Vanguard Total Corporate Bond ETF (NASDAQ:VTCGet Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $75.57 and last traded at $75.60, with a volume of 26516 shares changing hands. The stock had previously closed at $75.76.

Vanguard Total Corporate Bond ETF Price Performance

The firm has a 50-day moving average of $76.46 and a 200-day moving average of $77.11.

Vanguard Total Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid 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 Inflows and Outflows

A number of hedge funds have recently modified their holdings of VTC. Valpey Financial Services LLC increased its stake in shares of Vanguard Total Corporate Bond ETF by 7,873.0% in the fourth quarter. Valpey Financial Services LLC now owns 2,875,950 shares of the company’s stock worth $223,289,000 after acquiring an additional 2,839,879 shares during the period. Nepc LLC raised its holdings in shares of Vanguard Total Corporate Bond ETF by 43.9% during the fourth quarter. Nepc LLC now owns 3,533,516 shares of the company’s stock worth $274,342,000 after purchasing an additional 1,077,991 shares during the last quarter. North Dakota State Investment Board acquired a new position in Vanguard Total Corporate Bond ETF during the fourth quarter valued at $28,173,000. Beacon Pointe Advisors LLC acquired a new position in Vanguard Total Corporate Bond ETF during the fourth quarter valued at $11,659,000. Finally, Warwick Investment Management Inc. lifted its position in Vanguard Total Corporate Bond ETF by 158.4% during the fourth quarter. Warwick Investment Management Inc. now owns 234,347 shares of the company’s stock valued at $18,195,000 after purchasing an additional 143,662 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.

Further Reading

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