Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Hits New 52-Week Low – Time to Sell?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $74.75 and last traded at $74.75, with a volume of 6742 shares changing hands. The stock had previously closed at $75.18.

Vanguard Total Corporate Bond ETF Stock Down 0.5%

The stock has a 50-day simple moving average of $75.73 and a 200 day simple moving average of $76.58.

Vanguard Total Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

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