Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sets New 12-Month Low – Should You Sell?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) shares hit a new 52-week low on Monday . The company traded as low as $75.06 and last traded at $75.07, with a volume of 22607 shares changing hands. The stock had previously closed at $75.18.

Vanguard Total Corporate Bond ETF Price Performance

The firm’s 50-day simple moving average is $76.03 and its 200-day simple moving average is $76.77.

Vanguard Total Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.3262 per share. This is a boost from Vanguard Total Corporate Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Trading of Vanguard Total Corporate Bond ETF

A number of large investors have recently modified their holdings of VTC. Royal Bank of Canada increased its holdings in Vanguard Total Corporate Bond ETF by 3.1% during the 1st quarter. Royal Bank of Canada now owns 98,970 shares of the company’s stock worth $7,600,000 after purchasing an additional 2,978 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Vanguard Total Corporate Bond ETF during the 2nd quarter worth $297,000. Betterment LLC grew its position in shares of Vanguard Total Corporate Bond ETF by 9.7% during the 2nd quarter. Betterment LLC now owns 4,798 shares of the company’s stock worth $371,000 after buying an additional 426 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Vanguard Total Corporate Bond ETF by 4.7% during the second quarter. Bank of America Corp DE now owns 499,380 shares of the company’s stock valued at $38,617,000 after buying an additional 22,560 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Vanguard Total Corporate Bond ETF by 63.6% during the second quarter. MML Investors Services LLC now owns 269,456 shares of the company’s stock valued at $20,837,000 after buying an additional 104,760 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.