Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Reaches New 1-Year Low – What’s Next?

Shares of Vanguard Total Corporate Bond Fund (NASDAQ:VTC) reached a new 52-week low during trading on Wednesday . The company traded as low as $73.84 and last traded at $74.39, with a volume of 14633 shares. The stock had previously closed at $74.75.

Vanguard Total Corporate Bond Fund Price Performance

The firm has a 50-day moving average of $76.45 and a two-hundred day moving average of $76.79.

Vanguard Total Corporate Bond Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a $0.2797 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.52%.

Institutional Trading of Vanguard Total Corporate Bond Fund

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new position in Vanguard Total Corporate Bond Fund during the fourth quarter valued at approximately $83,000. Bank of Montreal Can acquired a new position in shares of Vanguard Total Corporate Bond Fund during the 4th quarter valued at $104,000. Vermillion Wealth Management Inc. purchased a new stake in Vanguard Total Corporate Bond Fund during the 4th quarter worth $132,000. Trust Co. of Vermont purchased a new stake in Vanguard Total Corporate Bond Fund during the 4th quarter worth $159,000. Finally, Canvas Wealth Advisors LLC acquired a new stake in Vanguard Total Corporate Bond Fund in the 4th quarter valued at $212,000.

About Vanguard Total Corporate Bond Fund

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.