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

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) experienced a significant spike in trading volume on Monday. Approximately 533,146 shares were traded, marking an increase of 831% compared to the previous session's volume of just 57,250 shares. At the latest trading, the fund was valued at $75.80, slightly down from its prior close of $76.08.

Price Movement of Vanguard Total Corporate Bond Fund

The fund's 50-day moving average stands at $76.29, while its 200-day moving average is $77.32. This indicates that the stock has been struggling to maintain its value in the recent past.

Latest Dividend Announcement

Recently, Vanguard confirmed a dividend distribution that shareholders can expect on February 5th. Shareholders recorded as of February 3rd will receive a dividend of $0.3019 per share. The ex-dividend date for this payout is also February 3rd.

Changes in Institutional Ownership

Several hedge funds have recently adjusted their positions in Vanguard Total Corporate Bond Fund. Mill Creek Capital Advisors LLC increased its holdings by 0.8% during the third quarter, now owning 912,675 shares valued at around $72,375,000 after a purchase of an additional 6,844 shares. Likewise, Harbour Investments Inc. raised its stake by 4.7%, with a current holding of 12,946 shares worth $1,027,000 after acquiring 583 more shares. Savvy Advisors Inc. also increased its position by a notable 21.9%, now possessing 9,762 shares valued at $774,000 after purchasing 1,757 additional shares. In contrast, Addison Advisors LLC invested in Vanguard Total Corporate Bond Fund for the first time during the third quarter, valued at about $334,000. Furthermore, Axxcess Wealth Management LLC raised its holdings by 2.4%, now owning 711,694 shares valued at $56,437,000 following an acquisition of 16,906 shares in the last quarter.

About Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that aims to replicate the performance of the Bloomberg U.S. Corporate Bond Index. This fund primarily provides exposure to investment-grade U.S. corporate bonds across a wide range of maturities. Vanguard launched VTC on November 7, 2017, and manages the fund.

Should You Consider Investing?

Potential investors might want to assess whether investing in Vanguard Total Corporate Bond Fund is the right choice at this time. Currently, analysts have assigned a "Hold" rating to the fund, suggesting that while it may not be the top pick right now, it still has its merits. It's worth noting that some of Wall Street's top-rated analysts have identified five other stocks that they consider preferable investments at this moment.

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Vanguard, Bonds, Investment