Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Strong Trading Volume – What’s Next?

Shares of Vanguard Total Corporate Bond ETF (NASDAQ:VTC) saw unusually-strong trading volume on Tuesday . Approximately 319,012 shares changed hands during trading, an increase of 148% from the previous session’s volume of 128,407 shares.The stock last traded at $76.93 and had previously closed at $76.64.

Vanguard Total Corporate Bond ETF Stock Up 0.5%

The stock has a 50 day moving average of $77.90 and a 200-day moving average of $78.08.

Vanguard Total Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.2913 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nepc LLC lifted its position in shares of Vanguard Total Corporate Bond ETF by 43.9% during the fourth quarter. Nepc LLC now owns 3,533,516 shares of the company’s stock worth $274,342,000 after acquiring an additional 1,077,991 shares in the last quarter. Valpey Financial Services LLC boosted its stake in Vanguard Total Corporate Bond ETF by 7,873.0% in the 4th quarter. Valpey Financial Services LLC now owns 2,875,950 shares of the company’s stock worth $223,289,000 after purchasing an additional 2,839,879 shares during the period. Wedmont Private Capital boosted its stake in Vanguard Total Corporate Bond ETF by 6.2% in the 4th quarter. Wedmont Private Capital now owns 1,150,759 shares of the company’s stock worth $89,610,000 after purchasing an additional 67,242 shares during the period. Mill Creek Capital Advisors LLC grew its holdings in Vanguard Total Corporate Bond ETF by 4.5% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 913,233 shares of the company’s stock valued at $70,903,000 after buying an additional 39,603 shares in the last quarter. Finally, Capital Asset Advisory Services LLC increased its position in shares of Vanguard Total Corporate Bond ETF by 10.9% during the fourth quarter. Capital Asset Advisory Services LLC now owns 805,738 shares of the company’s stock valued at $62,711,000 after buying an additional 79,178 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.