Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sets New 52-Week Low – What’s Next?

Vanguard Total Corporate Bond ETF (NASDAQ:VTCGet Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $74.75 and last traded at $74.75, with a volume of 6742 shares. The stock had previously closed at $75.18.

Vanguard Total Corporate Bond ETF Trading Up 0.1%

The business’s 50 day simple moving average is $75.64 and its 200 day simple moving average is $76.53.

Vanguard Total Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.3273 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, September 1st. This is a positive change from Vanguard Total Corporate Bond ETF’s previous monthly dividend of $0.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Waverly Advisors LLC purchased a new stake in Vanguard Total Corporate Bond ETF in the 1st quarter worth $26,000. Ascentis Independent Advisors purchased a new position in shares of Vanguard Total Corporate Bond ETF in the first quarter valued at about $49,000. Trust Co. of Vermont bought a new position in shares of Vanguard Total Corporate Bond ETF in the second quarter worth about $127,000. Winthrop Capital Management LLC boosted its stake in shares of 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 worth $171,000 after acquiring an additional 225 shares during the period. Finally, IFP Advisors Inc purchased a new stake in shares of Vanguard Total Corporate Bond ETF during the fourth quarter worth about $203,000.

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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