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

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) hit a new 52-week low during trading on Monday . The company traded as low as $75.06 and last traded at $75.08, with a volume of 79579 shares trading hands. The stock had previously closed at $75.40.

Vanguard Total Corporate Bond ETF Price Performance

The firm has a 50-day moving average of $76.16 and a 200 day moving average of $76.87.

Vanguard Total Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Vanguard Total Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Waverly Advisors LLC bought a new stake in shares of Vanguard Total Corporate Bond ETF during the first quarter worth $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Vanguard Total Corporate Bond ETF in the fourth quarter worth about $39,000. Ascentis Independent Advisors acquired a new position in shares of Vanguard Total Corporate Bond ETF during the first quarter worth approximately $49,000. Trust Co. of Vermont acquired a new position in shares of Vanguard Total Corporate Bond ETF during the second quarter worth approximately $127,000. Finally, Winthrop Capital Management LLC grew its stake in shares of Vanguard Total Corporate Bond ETF by 11.4% during the fourth quarter. Winthrop Capital Management LLC now owns 2,200 shares of the company’s stock valued at $171,000 after purchasing an additional 225 shares during the last quarter.

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.