Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sets New 52-Week Low – Should You Sell?

Vanguard Total Corporate Bond Fund (NASDAQ:VTC)’s share price hit a new 52-week low on Thursday . The stock traded as low as $73.14 and last traded at $73.14, with a volume of 265 shares. The stock had previously closed at $77.51.

Vanguard Total Corporate Bond Fund Stock Down 0.5 %

The stock has a 50 day simple moving average of $77.34 and a 200-day simple moving average of $77.37.

Vanguard Total Corporate Bond Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $3.60 annualized dividend and a dividend yield of 4.69%. This is a boost from Vanguard Total Corporate Bond Fund’s previous monthly dividend of $0.28.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Mill Creek Capital Advisors LLC raised its position in shares of Vanguard Total Corporate Bond Fund by 0.8% during the third quarter. Mill Creek Capital Advisors LLC now owns 912,675 shares of the company’s stock valued at $72,375,000 after buying an additional 6,844 shares during the last quarter. Wedmont Private Capital grew its stake in Vanguard Total Corporate Bond Fund by 11.1% during the third quarter. Wedmont Private Capital now owns 809,524 shares of the company’s stock valued at $63,208,000 after acquiring an additional 80,688 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in Vanguard Total Corporate Bond Fund by 2.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 711,694 shares of the company’s stock valued at $56,437,000 after acquiring an additional 16,906 shares during the last quarter. MML Investors Services LLC lifted its stake in Vanguard Total Corporate Bond Fund by 1.2% in the 3rd quarter. MML Investors Services LLC now owns 277,852 shares of the company’s stock worth $22,034,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new position in shares of Vanguard Total Corporate Bond Fund during the 2nd quarter valued at about $11,083,000.

About Vanguard Total Corporate Bond Fund

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.