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

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $75.57 and last traded at $75.60, with a volume of 26516 shares changing hands. The stock had previously closed at $75.76.

Vanguard Total Corporate Bond ETF Price Performance

The stock has a 50-day moving average price of $76.46 and a two-hundred day moving average price of $77.11.

Vanguard Total Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a $0.316 dividend. The ex-dividend date 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

Large investors have recently modified their holdings of the business. Nepc LLC raised its position in shares of Vanguard Total Corporate Bond ETF by 43.9% in the 4th quarter. Nepc LLC now owns 3,533,516 shares of the company’s stock valued at $274,342,000 after purchasing an additional 1,077,991 shares during the last quarter. Valpey Financial Services LLC increased its stake in Vanguard Total Corporate Bond ETF by 7,873.0% during the 4th quarter. Valpey Financial Services LLC now owns 2,875,950 shares of the company’s stock valued at $223,289,000 after purchasing an additional 2,839,879 shares in the last quarter. Mill Creek Capital Advisors LLC raised its holdings in shares of Vanguard Total Corporate Bond ETF by 4.5% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 913,233 shares of the company’s stock worth $70,903,000 after buying an additional 39,603 shares during the last quarter. Capital Asset Advisory Services LLC raised its holdings in shares of Vanguard Total Corporate Bond ETF by 10.9% in the fourth quarter. Capital Asset Advisory Services LLC now owns 805,738 shares of the company’s stock worth $62,711,000 after buying an additional 79,178 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of Vanguard Total Corporate Bond ETF by 6.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 772,526 shares of the company’s stock worth $59,979,000 after buying an additional 46,288 shares during the period.

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.