Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Large Volume Increase – Should You Buy?

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw unusually-high trading volume on Thursday . Approximately 122,789 shares changed hands during mid-day trading, an increase of 172% from the previous session’s volume of 45,130 shares.The stock last traded at $75.82 and had previously closed at $76.10.

Vanguard Total Corporate Bond Fund Trading Down 0.4 %

The stock’s 50 day moving average price is $77.25 and its 200 day moving average price is $77.41.

Vanguard Total Corporate Bond Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were given a dividend of $0.30 per share. This is a positive change from Vanguard Total Corporate Bond Fund’s previous monthly dividend of $0.28. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.60 annualized dividend and a yield of 4.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Vanguard Total Corporate Bond Fund during the second quarter worth about $31,000. Ridgewood Investments LLC acquired a new stake in Vanguard Total Corporate Bond Fund during the 2nd quarter worth approximately $38,000. Breakwater Investment Management purchased a new position in Vanguard Total Corporate Bond Fund in the second quarter valued at approximately $187,000. Commonwealth Equity Services LLC lifted its position in Vanguard Total Corporate Bond Fund by 21.9% during the second quarter. Commonwealth Equity Services LLC now owns 3,215 shares of the company’s stock valued at $243,000 after buying an additional 577 shares in the last quarter. Finally, Investment Advisory Group LLC grew its stake in Vanguard Total Corporate Bond Fund by 13.0% during the second quarter. Investment Advisory Group LLC now owns 4,339 shares of the company’s stock worth $328,000 after buying an additional 500 shares during the period.

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.