Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Strong Trading Volume – Time to Buy?

Shares of Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw strong trading volume on Monday . 149,898 shares were traded during mid-day trading, an increase of 196% from the previous session’s volume of 50,637 shares.The stock last traded at $76.62 and had previously closed at $76.36.

Vanguard Total Corporate Bond Fund Price Performance

The stock has a 50 day simple moving average of $76.15 and a two-hundred day simple moving average of $77.10.

Vanguard Total Corporate Bond Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.2748 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nepc LLC lifted its holdings in Vanguard Total Corporate Bond Fund by 35.5% during the 4th quarter. Nepc LLC now owns 2,455,525 shares of the company’s stock worth $185,908,000 after purchasing an additional 642,813 shares during the last quarter. Wedmont Private Capital lifted its holdings in Vanguard Total Corporate Bond Fund by 13.6% during the 4th quarter. Wedmont Private Capital now owns 919,993 shares of the company’s stock worth $68,917,000 after purchasing an additional 110,469 shares during the last quarter. Mill Creek Capital Advisors LLC lifted its holdings in Vanguard Total Corporate Bond Fund by 0.4% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 916,624 shares of the company’s stock worth $69,398,000 after purchasing an additional 3,949 shares during the last quarter. Capital Asset Advisory Services LLC lifted its holdings in Vanguard Total Corporate Bond Fund by 1.0% during the 4th quarter. Capital Asset Advisory Services LLC now owns 722,809 shares of the company’s stock worth $54,644,000 after purchasing an additional 6,982 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in Vanguard Total Corporate Bond Fund by 1.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 718,891 shares of the company’s stock worth $54,427,000 after purchasing an additional 7,197 shares during the last quarter.

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.