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

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) shares saw unusually-high trading volume on Monday . Approximately 505,198 shares were traded during mid-day trading, an increase of 1,021% from the previous session’s volume of 45,073 shares.The stock last traded at $77.39 and had previously closed at $77.80.

Vanguard Total Corporate Bond Fund Price Performance

The business’s 50-day simple moving average is $77.59 and its two-hundred day simple moving average is $77.28.

Vanguard Total Corporate Bond Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a $0.30 dividend. This is a boost 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 dividend on an annualized basis and a yield of 4.65%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in Vanguard Total Corporate Bond Fund in the 2nd quarter valued at $31,000. Ridgewood Investments LLC acquired a new stake in shares of Vanguard Total Corporate Bond Fund in the second quarter valued at about $38,000. Breakwater Investment Management purchased a new position in shares of Vanguard Total Corporate Bond Fund in the second quarter worth about $187,000. Commonwealth Equity Services LLC boosted 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 worth $243,000 after acquiring an additional 577 shares during the last quarter. Finally, Strid Group LLC acquired a new position in Vanguard Total Corporate Bond Fund during the second quarter worth about $299,000.

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.