Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Strong Trading Volume – Still a Buy?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) saw unusually-strong trading volume on Friday. Approximately 300,115 shares traded hands during trading, an increase of 191% from the previous session’s volume of 103,210 shares. The stock last traded at $73.28 and had previously closed at $73.32.

Vanguard Total Corporate Bond ETF Trading Down 0.2%

The company’s fifty day moving average is $74.98 and its two-hundred day moving average is $76.08.

Hedge Funds Weigh In On Vanguard Total Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VTC. Marble Wealth LLC acquired a new stake in Vanguard Total Corporate Bond ETF during the 4th quarter valued at approximately $3,794,000. Mill Creek Capital Advisors LLC grew its position in shares of Vanguard Total Corporate Bond ETF by 4.5% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 913,233 shares of the company’s stock worth $70,903,000 after buying an additional 39,603 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Vanguard Total Corporate Bond ETF by 263.3% in the first quarter. NewEdge Advisors LLC now owns 9,864 shares of the company’s stock worth $758,000 after buying an additional 7,149 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Vanguard Total Corporate Bond ETF in the second quarter valued at $10,452,000. Finally, Nicholas Wealth LLC. acquired a new stake in Vanguard Total Corporate Bond ETF in the first quarter valued at $592,000.

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.