Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Unusually-High Trading Volume – Time to Buy?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) saw strong trading volume on Monday . 815,294 shares were traded during mid-day trading, an increase of 952% from the previous session’s volume of 77,471 shares.The stock last traded at $77.6750 and had previously closed at $77.63.

Vanguard Total Corporate Bond ETF Trading Up 0.1%

The firm’s fifty day simple moving average is $78.28 and its 200 day simple moving average is $77.59.

Vanguard Total Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, December 1st were issued a $0.3079 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of VTC. MML Investors Services LLC grew its position in Vanguard Total Corporate Bond ETF by 63.6% in the 2nd quarter. MML Investors Services LLC now owns 269,456 shares of the company’s stock valued at $20,837,000 after acquiring an additional 104,760 shares during the last quarter. Warwick Investment Management Inc. boosted its stake in shares of Vanguard Total Corporate Bond ETF by 1,770.2% during the third quarter. Warwick Investment Management Inc. now owns 90,685 shares of the company’s stock valued at $7,108,000 after purchasing an additional 85,836 shares during the period. Wedmont Private Capital grew its holdings in shares of Vanguard Total Corporate Bond ETF by 8.0% in the third quarter. Wedmont Private Capital now owns 1,083,517 shares of the company’s stock worth $84,797,000 after purchasing an additional 80,721 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Vanguard Total Corporate Bond ETF in the second quarter worth about $5,847,000. Finally, Bank of America Corp DE increased its stake in Vanguard Total Corporate Bond ETF by 8.7% in the 3rd quarter. Bank of America Corp DE now owns 542,974 shares of the company’s stock worth $42,558,000 after buying an additional 43,594 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.