Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Strong Trading Volume – Here’s Why

Shares of Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw strong trading volume on Wednesday . 155,133 shares were traded during trading, an increase of 257% from the previous session’s volume of 43,442 shares.The stock last traded at $76.56 and had previously closed at $76.73.

Vanguard Total Corporate Bond Fund Trading Down 0.3 %

The company’s 50-day simple moving average is $78.28 and its 200-day simple moving average is $77.09.

Vanguard Total Corporate Bond Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from Vanguard Total Corporate Bond Fund’s previous monthly dividend of $0.28.

Institutional Trading of Vanguard Total Corporate Bond Fund

Several institutional investors have recently modified their holdings of VTC. International Assets Investment Management LLC bought a new position in Vanguard Total Corporate Bond Fund in the 2nd quarter valued at $31,000. Ridgewood Investments LLC bought a new position in Vanguard Total Corporate Bond Fund during the second quarter valued at $38,000. Breakwater Investment Management bought a new position in Vanguard Total Corporate Bond Fund during the second quarter valued at $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 purchasing an additional 577 shares during the last quarter. Finally, Strid Group LLC bought a new position in Vanguard Total Corporate Bond Fund during the second quarter valued at $299,000.

About Vanguard Total Corporate Bond Fund

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.