Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Hits New 1-Year Low – Time to Sell?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC)’s share price hit a new 52-week low on Friday . The company traded as low as $75.15 and last traded at $75.18, with a volume of 5853 shares. The stock had previously closed at $75.40.

Vanguard Total Corporate Bond ETF Price Performance

The firm has a fifty day moving average of $76.33 and a 200-day moving average of $76.98.

Vanguard Total Corporate Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On Vanguard Total Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Nepc LLC increased its holdings 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 worth $274,342,000 after acquiring an additional 1,077,991 shares during the period. Valpey Financial Services LLC grew its position in Vanguard Total Corporate Bond ETF by 7,873.0% in the 4th quarter. Valpey Financial Services LLC now owns 2,875,950 shares of the company’s stock worth $223,289,000 after purchasing an additional 2,839,879 shares during the last quarter. Mill Creek Capital Advisors LLC grew its position in Vanguard Total Corporate Bond ETF by 4.5% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 913,233 shares of the company’s stock worth $70,903,000 after purchasing an additional 39,603 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Vanguard Total Corporate Bond ETF by 6.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 772,526 shares of the company’s stock valued at $59,979,000 after purchasing an additional 46,288 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Vanguard Total Corporate Bond ETF by 8.7% in the third quarter. Bank of America Corp DE now owns 542,974 shares of the company’s stock valued at $42,558,000 after purchasing an additional 43,594 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.