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

Vanguard Total Corporate Bond ETF (NASDAQ:VTC)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $73.82 and last traded at $73.8160, with a volume of 22991 shares traded. The stock had previously closed at $74.43.

Vanguard Total Corporate Bond ETF Stock Down 1.1%

The business’s fifty day moving average price is $75.07 and its 200 day moving average price is $76.13.

Institutional Trading of Vanguard Total Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Waverly Advisors LLC purchased a new position in Vanguard Total Corporate Bond ETF in the 1st quarter valued at $26,000. Ascentis Independent Advisors acquired a new stake in shares of Vanguard Total Corporate Bond ETF in the 1st quarter worth $49,000. Trust Co. of Vermont acquired a new stake in shares of Vanguard Total Corporate Bond ETF in the 2nd quarter worth $127,000. Winthrop Capital Management LLC boosted its holdings 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 valued at $171,000 after acquiring an additional 225 shares in the last quarter. Finally, IFP Advisors Inc purchased a new stake in shares of Vanguard Total Corporate Bond ETF in the fourth quarter valued at about $203,000.

Vanguard Total Corporate Bond ETF Company Profile

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.