(VTC) Vanguard Total Corporate - Ratings and Ratios

The Vanguard Total Corporate Bond ETF (NASDAQ: VTC) is a fund of funds that adopts an indexing strategy to replicate the performance of the Bloomberg U.S. Corporate Bond Index. This index serves as a benchmark for the investment-grade, fixed-rate, taxable corporate bond market in the United States. The fund invests in U.S. dollar-denominated securities issued by a diverse range of industrial, utility, and financial entities, ensuring broad exposure to the corporate bond sector.

From a technical standpoint, VTC exhibits a last price of $75.72, with a 20-day average volume of 52,995 shares. The short-term trend, indicated by the SMA 20 at $75.40, is marginally below the current price, suggesting potential bullish momentum. The SMA 50 stands at $75.83, slightly above the last price, while the SMA 200 is at $75.48, indicating a relatively stable trend over the long term. The Average True Range (ATR) of 0.55 highlights the ETFs low volatility, underscoring its stability.

Fundamentally, VTC manages assets under management (AUM) of $1.175 billion, reflecting its popularity among investors seeking exposure to the corporate bond market. This substantial AUM level indicates a high level of investor confidence and liquidity, which is crucial for maintaining efficient market operations.

Looking ahead, over the next three months, VTC is expected to maintain its stable performance. The ETFs low ATR of 0.55 suggests that price fluctuations will remain minimal, with potential movements constrained within a narrow range. The convergence of the SMA 20 and SMA 50 near the current price level indicates a neutral to slightly bullish outlook. Given its investment-grade focus, VTC is anticipated to provide returns in line with the broader corporate bond market, supported by its diversified portfolio and the robust credit quality of its holdings. Investors can expect modest returns, with yields likely remaining stable as interest rates are projected to experience little change in the near term.