Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Hits New 52-Week Low – Time to Sell?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $75.61 and last traded at $75.61, with a volume of 58930 shares. The stock had previously closed at $75.91.

Vanguard Total Corporate Bond ETF Stock Performance

The business has a fifty day simple moving average of $76.54 and a two-hundred day simple moving average of $77.17.

Vanguard Total Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

Several large investors have recently made changes to their positions in VTC. Waverly Advisors LLC acquired a new position in Vanguard Total Corporate Bond ETF in the first quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Vanguard Total Corporate Bond ETF during the fourth quarter worth $39,000. Ascentis Independent Advisors bought a new position in shares of Vanguard Total Corporate Bond ETF in the first quarter valued at about $49,000. Winthrop Capital Management LLC grew its holdings in Vanguard Total Corporate Bond ETF by 11.4% during the 4th 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 last quarter. Finally, IFP Advisors Inc bought a new position in shares of Vanguard Total Corporate Bond ETF in the fourth quarter worth about $203,000.

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.