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

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

Vanguard Total Corporate Bond ETF Price Performance

The firm’s fifty day moving average is $75.97 and its 200-day moving average is $76.73.

Vanguard Total Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Vanguard Total Corporate Bond ETF

Several large investors have recently made changes to their positions in the stock. Valpey Financial Services LLC grew 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 valued at $223,289,000 after buying an additional 2,839,879 shares in the last quarter. Nepc LLC raised its holdings in shares of Vanguard Total Corporate Bond ETF by 43.9% in the 4th quarter. Nepc LLC now owns 3,533,516 shares of the company’s stock valued at $274,342,000 after buying an additional 1,077,991 shares during the period. North Dakota State Investment Board acquired a new position in Vanguard Total Corporate Bond ETF during the 4th quarter worth about $28,173,000. Beacon Pointe Advisors LLC acquired a new position in Vanguard Total Corporate Bond ETF during the 4th quarter worth about $11,659,000. Finally, Sax Wealth Advisors LLC acquired a new position in Vanguard Total Corporate Bond ETF during the 2nd quarter worth about $10,820,000.

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.