Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Raises Dividend to $0.31 Per Share

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) announced a monthly dividend on Tuesday, December 16th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.3105 per share on Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Thursday, December 18th. This is a 0.8% increase from Vanguard Total Corporate Bond ETF’s previous monthly dividend of $0.31.

Vanguard Total Corporate Bond ETF Trading Down 0.1%

VTC stock traded down $0.08 on Thursday, reaching $77.70. 36,607 shares of the company were exchanged, compared to its average volume of 81,394. Vanguard Total Corporate Bond ETF has a 12 month low of $73.79 and a 12 month high of $79.24. The stock’s fifty day moving average price is $78.25 and its 200 day moving average price is $77.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. lifted its stake in shares of Vanguard Total Corporate Bond ETF by 15.4% in the third quarter. Financial Engines Advisors L.L.C. now owns 6,108 shares of the company’s stock valued at $479,000 after buying an additional 815 shares during the period. NewEdge Advisors LLC acquired a new position in Vanguard Total Corporate Bond ETF in the 3rd quarter valued at approximately $212,000. Northwestern Mutual Wealth Management Co. acquired a new position in Vanguard Total Corporate Bond ETF in the 3rd quarter valued at approximately $246,000. Citadel Advisors LLC lifted its position in shares of Vanguard Total Corporate Bond ETF by 46.6% in the 3rd quarter. Citadel Advisors LLC now owns 26,691 shares of the company’s stock worth $2,092,000 after acquiring an additional 8,489 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Vanguard Total Corporate Bond ETF by 8.7% during the 3rd quarter. Bank of America Corp DE now owns 542,974 shares of the company’s stock worth $42,558,000 after purchasing an additional 43,594 shares in the last quarter.

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.