Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Unusually-High Trading Volume – Still a Buy?

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw unusually-strong trading volume on Monday . Approximately 505,198 shares were traded during trading, an increase of 1,021% from the previous session’s volume of 45,073 shares.The stock last traded at $77.39 and had previously closed at $77.80.

Vanguard Total Corporate Bond Fund Stock Down 0.2 %

The firm has a 50 day moving average price of $77.67 and a 200-day moving average price of $77.26.

Vanguard Total Corporate Bond Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were given a dividend of $0.30 per share. This is a boost from Vanguard Total Corporate Bond Fund’s previous monthly dividend of $0.28. The ex-dividend date was Friday, November 1st. This represents a $3.60 dividend on an annualized basis and a yield of 4.64%.

Institutional Investors Weigh In On Vanguard Total Corporate Bond Fund

Several institutional investors have recently made changes to their positions in VTC. Drucker Wealth 3.0 LLC bought a new position in Vanguard Total Corporate Bond Fund in the 2nd quarter valued at $11,083,000. Wedmont Private Capital increased its stake in Vanguard Total Corporate Bond Fund by 12.6% in the 2nd quarter. Wedmont Private Capital now owns 728,836 shares of the company’s stock worth $56,011,000 after buying an additional 81,387 shares during the period. Raine Group LLC bought a new stake in Vanguard Total Corporate Bond Fund during the 3rd quarter valued at about $4,901,000. Sanctuary Advisors LLC purchased a new stake in Vanguard Total Corporate Bond Fund in the 2nd quarter valued at about $3,538,000. Finally, Jane Street Group LLC grew its stake in Vanguard Total Corporate Bond Fund by 225.5% in the 1st quarter. Jane Street Group LLC now owns 63,185 shares of the company’s stock worth $4,841,000 after acquiring an additional 43,774 shares in the last quarter.

Vanguard Total Corporate Bond Fund Company Profile

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.