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

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) saw unusually-high trading volume on Wednesday . Approximately 282,461 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 125,991 shares.The stock last traded at $77.20 and had previously closed at $77.48.

Vanguard Total Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $77.98 and its two-hundred day moving average is $78.11.

Vanguard Total Corporate Bond ETF Cuts Dividend

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

Institutional Trading of Vanguard Total Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its holdings in shares of Vanguard Total Corporate Bond ETF by 37.9% during the second quarter. Osaic Holdings Inc. now owns 27,546 shares of the company’s stock worth $2,131,000 after purchasing an additional 7,572 shares during the period. Wedmont Private Capital increased its stake in Vanguard Total Corporate Bond ETF by 8.0% in the 3rd quarter. Wedmont Private Capital now owns 1,083,517 shares of the company’s stock valued at $84,797,000 after buying an additional 80,721 shares during the period. Corient Private Wealth LLC purchased a new position in Vanguard Total Corporate Bond ETF during the 2nd quarter worth $2,923,000. Capital Asset Advisory Services LLC raised its position in Vanguard Total Corporate Bond ETF by 2.0% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 726,560 shares of the company’s stock worth $56,948,000 after buying an additional 14,190 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of Vanguard Total Corporate Bond ETF by 3.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 726,238 shares of the company’s stock worth $56,923,000 after acquiring an additional 24,514 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.