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

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) shares saw unusually-strong trading volume on Monday . 88,890 shares changed hands during trading, a decline of 23% from the previous session’s volume of 115,525 shares.The stock last traded at $76.51 and had previously closed at $76.53.

Vanguard Total Corporate Bond ETF Price Performance

The stock’s 50-day simple moving average is $76.63 and its 200 day simple moving average is $77.23.

Vanguard Total Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a $0.316 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Vanguard Total Corporate Bond ETF by 3.1% in the first quarter. Royal Bank of Canada now owns 98,970 shares of the company’s stock valued at $7,600,000 after buying an additional 2,978 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Vanguard Total Corporate Bond ETF during the 2nd quarter worth about $297,000. Betterment LLC lifted its stake in Vanguard Total Corporate Bond ETF by 9.7% during the 2nd quarter. Betterment LLC now owns 4,798 shares of the company’s stock worth $371,000 after acquiring an additional 426 shares in the last quarter. Bank of America Corp DE boosted its holdings in Vanguard Total Corporate Bond ETF by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 499,380 shares of the company’s stock valued at $38,617,000 after acquiring an additional 22,560 shares during the period. Finally, MML Investors Services LLC boosted its holdings in Vanguard Total Corporate Bond ETF by 63.6% during 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 period.

Vanguard Total Corporate Bond ETF 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.