Vanguard Consumer Staples ETF (NYSEARCA:VDC) Sees Large Volume Increase – Here’s Why

Vanguard Consumer Staples ETF (NYSEARCA:VDC) shares saw unusually-strong trading volume on Monday . Approximately 839,085 shares changed hands during mid-day trading, an increase of 687% from the previous session’s volume of 106,674 shares.The stock last traded at $210.04 and had previously closed at $210.74.

Vanguard Consumer Staples ETF Stock Performance

The firm’s fifty day moving average is $218.22 and its 200-day moving average is $216.42. The company has a market capitalization of $7.04 billion, a P/E ratio of 23.67 and a beta of 0.61.

Vanguard Consumer Staples ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $1.1673 per share. The ex-dividend date was Tuesday, March 25th.

Hedge Funds Weigh In On Vanguard Consumer Staples ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Vanguard Consumer Staples ETF by 1.3% in the fourth quarter. Bank of America Corp DE now owns 3,442,017 shares of the company’s stock valued at $727,574,000 after purchasing an additional 44,421 shares during the period. LPL Financial LLC raised its position in shares of Vanguard Consumer Staples ETF by 2.2% during the fourth quarter. LPL Financial LLC now owns 703,664 shares of the company’s stock worth $148,741,000 after acquiring an additional 15,084 shares during the last quarter. Compass Financial Group INC SD lifted its stake in shares of Vanguard Consumer Staples ETF by 1.2% in the fourth quarter. Compass Financial Group INC SD now owns 457,863 shares of the company’s stock worth $96,783,000 after acquiring an additional 5,338 shares during the period. Wells Fargo & Company MN boosted its holdings in Vanguard Consumer Staples ETF by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 358,442 shares of the company’s stock valued at $75,767,000 after acquiring an additional 21,255 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Vanguard Consumer Staples ETF by 6.6% during the 4th quarter. Cetera Investment Advisers now owns 247,467 shares of the company’s stock valued at $52,309,000 after purchasing an additional 15,389 shares during the period.

About Vanguard Consumer Staples ETF

Vanguard Consumer Staples ETF (the Fund) is an exchange-traded share class of Vanguard Consumer Staples Index Fund, which seeks to track the investment performance of the MSCI US Investable Market Consumer Staples 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the consumer staples sector, as classified under the Global Industry Classification Standard (GICS).