Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Large Volume Increase – Here’s What Happened

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw unusually-strong trading volume on Monday . Approximately 533,146 shares changed hands during trading, an increase of 831% from the previous session’s volume of 57,250 shares.The stock last traded at $75.80 and had previously closed at $76.08.

Vanguard Total Corporate Bond Fund Stock Down 0.2 %

The company’s 50 day moving average price is $76.29 and its two-hundred day moving average price is $77.32.

Vanguard Total Corporate Bond Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.3019 per share. The ex-dividend date of this dividend is Monday, February 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VTC. Mill Creek Capital Advisors LLC lifted its holdings in Vanguard Total Corporate Bond Fund by 0.8% during the third quarter. Mill Creek Capital Advisors LLC now owns 912,675 shares of the company’s stock valued at $72,375,000 after purchasing an additional 6,844 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Vanguard Total Corporate Bond Fund by 4.7% in the 3rd quarter. Harbour Investments Inc. now owns 12,946 shares of the company’s stock worth $1,027,000 after buying an additional 583 shares during the period. Savvy Advisors Inc. increased its stake in Vanguard Total Corporate Bond Fund by 21.9% in the 3rd quarter. Savvy Advisors Inc. now owns 9,762 shares of the company’s stock worth $774,000 after buying an additional 1,757 shares in the last quarter. Addison Advisors LLC bought a new stake in Vanguard Total Corporate Bond Fund during the third quarter valued at about $334,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of Vanguard Total Corporate Bond Fund by 2.4% in the third quarter. Axxcess Wealth Management LLC now owns 711,694 shares of the company’s stock valued at $56,437,000 after acquiring an additional 16,906 shares in the last quarter.

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.