Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Strong Trading Volume – Still a Buy?

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) shares saw unusually-strong trading volume on Thursday . Approximately 79,838 shares were traded during trading, a decline of 36% from the previous session’s volume of 124,039 shares.The stock last traded at $76.44 and had previously closed at $76.55.

Vanguard Total Corporate Bond ETF Stock Performance

The stock has a 50-day simple moving average of $77.53 and a 200 day simple moving average of $77.93.

Vanguard Total Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.3227 per share. This is a boost from Vanguard Total Corporate Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 5.0%.

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in Vanguard Total Corporate Bond ETF by 3.1% during the 1st quarter. Royal Bank of Canada now owns 98,970 shares of the company’s stock valued at $7,600,000 after acquiring an additional 2,978 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Vanguard Total Corporate Bond ETF in the second quarter valued at about $297,000. Betterment LLC grew its position in shares of Vanguard Total Corporate Bond ETF by 9.7% in the second quarter. Betterment LLC now owns 4,798 shares of the company’s stock valued at $371,000 after purchasing an additional 426 shares during the last quarter. Bank of America Corp DE grew its position in shares of Vanguard Total Corporate Bond ETF by 4.7% in the second quarter. Bank of America Corp DE now owns 499,380 shares of the company’s stock valued at $38,617,000 after purchasing an additional 22,560 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in shares of 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 worth $20,837,000 after purchasing an additional 104,760 shares in the last quarter.

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.