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

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) reached a new 52-week low during trading on Wednesday . The company traded as low as $73.82 and last traded at $73.8160, with a volume of 22991 shares changing hands. The stock had previously closed at $74.43.

Vanguard Total Corporate Bond ETF Stock Down 1.1%

The business’s 50-day moving average is $75.07 and its two-hundred day moving average is $76.13.

Institutional Trading of Vanguard Total Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in Vanguard Total Corporate Bond ETF by 1,128.9% during the 2nd quarter. Citadel Advisors LLC now owns 416,368 shares of the company’s stock worth $31,977,000 after buying an additional 382,486 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Vanguard Total Corporate Bond ETF during the second quarter worth approximately $306,000. Wedmont Private Capital grew its position in shares of Vanguard Total Corporate Bond ETF by 8.4% during the second quarter. Wedmont Private Capital now owns 1,469,754 shares of the company’s stock worth $111,570,000 after acquiring an additional 113,469 shares during the last quarter. Succession Financial Inc. acquired a new position in shares of Vanguard Total Corporate Bond ETF in the 2nd quarter valued at $10,421,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Vanguard Total Corporate Bond ETF in the 2nd quarter valued at $10,452,000.

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.