Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Large Volume Increase – Here’s Why

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) saw unusually-strong trading volume on Wednesday . Approximately 282,461 shares changed 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 Trading Down 0.6%

The business’s fifty day simple moving average is $77.98 and its two-hundred day simple moving average is $78.11.

Vanguard Total Corporate Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On Vanguard Total Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the company. Nepc LLC increased 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 purchasing an additional 1,077,991 shares in the last quarter. Valpey Financial Services LLC increased its position in Vanguard Total Corporate Bond ETF by 7,873.0% during the fourth quarter. Valpey Financial Services LLC now owns 2,875,950 shares of the company’s stock worth $223,289,000 after buying an additional 2,839,879 shares during the period. Wedmont Private Capital lifted its stake in Vanguard Total Corporate Bond ETF by 6.2% in the fourth quarter. Wedmont Private Capital now owns 1,150,759 shares of the company’s stock valued at $89,610,000 after buying an additional 67,242 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its holdings in shares of Vanguard Total Corporate Bond ETF by 4.5% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 913,233 shares of the company’s stock valued at $70,903,000 after acquiring an additional 39,603 shares during the period. Finally, Capital Asset Advisory Services LLC boosted its holdings in shares of Vanguard Total Corporate Bond ETF by 10.9% in the fourth quarter. Capital Asset Advisory Services LLC now owns 805,738 shares of the company’s stock valued at $62,711,000 after acquiring 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.