Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Large Volume Increase – Still a Buy?
by Mitch Edgeman · The Markets DailyVanguard Total Corporate Bond ETF (NASDAQ:VTC – Get Free Report) shares saw unusually-high trading volume on Tuesday . 319,012 shares were traded during trading, an increase of 148% from the previous session’s volume of 128,407 shares.The stock last traded at $76.93 and had previously closed at $76.64.
Vanguard Total Corporate Bond ETF Stock Performance
The stock’s 50 day simple moving average is $77.86 and its 200-day simple moving average is $78.06.
Vanguard Total Corporate Bond ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.2913 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc purchased a new stake in Vanguard Total Corporate Bond ETF during the 3rd quarter worth about $31,000. Flagship Harbor Advisors LLC purchased a new position in shares of Vanguard Total Corporate Bond ETF in the 4th quarter valued at about $39,000. Redmont Wealth Advisors LLC acquired a new position in shares of Vanguard Total Corporate Bond ETF during the third quarter worth about $58,000. Mather Group LLC. acquired a new position in shares of Vanguard Total Corporate Bond ETF during the third quarter worth about $131,000. Finally, Winthrop Capital Management LLC increased its stake in shares of Vanguard Total Corporate Bond ETF by 11.4% during the fourth quarter. Winthrop Capital Management LLC now owns 2,200 shares of the company’s stock worth $171,000 after buying an additional 225 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.