Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sets New 1-Year Low – Here’s What Happened

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) reached a new 52-week low 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 stock has a 50-day simple moving average of $76.58 and a 200 day simple moving average of $77.19.

Vanguard Total Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sax Wealth Advisors LLC acquired a new stake in shares of Vanguard Total Corporate Bond ETF during the 2nd quarter valued at $10,820,000. CoreCap Advisors LLC boosted its position in Vanguard Total Corporate Bond ETF by 11.1% during the second quarter. CoreCap Advisors LLC now owns 172,305 shares of the company’s stock valued at $13,233,000 after purchasing an additional 17,176 shares during the last quarter. NewEdge Advisors LLC boosted its position in Vanguard Total Corporate Bond ETF by 263.3% during the first quarter. NewEdge Advisors LLC now owns 9,864 shares of the company’s stock valued at $758,000 after purchasing an additional 7,149 shares during the last quarter. Royal Bank of Canada grew its stake in Vanguard Total Corporate Bond ETF by 1.9% in the first quarter. Royal Bank of Canada now owns 112,530 shares of the company’s stock valued at $8,646,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Raine Group LLC increased its position in Vanguard Total Corporate Bond ETF by 1.9% in the 1st quarter. Raine Group LLC now owns 39,046 shares of the company’s stock worth $3,000,000 after purchasing an additional 715 shares during the last quarter.

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.