Vanguard Core Bond ETF (NASDAQ:VCRB) Hits New 52-Week Low – Here’s What Happened

Vanguard Core Bond ETF (NASDAQ:VCRB)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $75.47 and last traded at $75.52, with a volume of 28453 shares trading hands. The stock had previously closed at $75.90.

Vanguard Core Bond ETF Trading Up 0.1%

The stock’s 50-day moving average is $76.30 and its two-hundred day moving average is $77.05.

Vanguard Core Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.301 per share. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, September 1st.

Institutional Investors Weigh In On Vanguard Core Bond ETF

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Vanguard Core Bond ETF by 116.9% in the 1st quarter. Royal Bank of Canada now owns 12,966 shares of the company’s stock valued at $1,004,000 after buying an additional 6,987 shares during the period. Brown Advisory Inc. acquired a new position in Vanguard Core Bond ETF in the 2nd quarter valued at about $794,000. NewEdge Advisors LLC grew its position in Vanguard Core Bond ETF by 7.8% in the 2nd quarter. NewEdge Advisors LLC now owns 30,300 shares of the company’s stock valued at $2,351,000 after acquiring an additional 2,198 shares in the last quarter. Jane Street Group LLC purchased a new stake in Vanguard Core Bond ETF during the second quarter worth about $24,630,000. Finally, Bank of America Corp DE increased its stake in Vanguard Core Bond ETF by 237.9% during the second quarter. Bank of America Corp DE now owns 704,242 shares of the company’s stock worth $54,635,000 after purchasing an additional 495,833 shares during the period.

About Vanguard Core Bond ETF

The Vanguard Core Bond ETF (VCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively invests in the broad fixed income space, in seeking to provide total return and a moderate level of income. It primarily holds USD-denominated securities of investment grade rating while maintaining an intermediate dollar-weighted average maturity. VCRB was launched on Nov 29, 2023 and is issued by Vanguard.