Wedmont Private Capital has significantly increased its stake in the Vanguard Total Corporate Bond ETF (VTC), acquiring 205,526 shares valued at approximately $15.96 million, according to an SEC filing dated April 9, 2026. This transaction not only boosts Wedmont’s total holdings to 1,356,285 shares worth $104.50 million but also reflects a 0.51% increase in their reportable assets under management (AUM). The position now constitutes 3.37% of their 13F AUM, although it remains outside the fund’s top five holdings.

This move is noteworthy amid VTC’s recent performance, which has seen an 8.2% increase over the past year, yet it has underperformed the S&P 500 by 26.9 percentage points. With a trailing dividend yield of 4.91%, VTC offers a cost-efficient way to access the investment-grade corporate bond market, especially given its low expense ratio of 0.03%, well below the category average.

For market professionals, Wedmont’s addition to VTC serves as a reminder of the potential benefits of diversifying into bond ETFs, particularly in a landscape where income generation remains a priority. As investors evaluate their portfolios, the balance between individual bonds and diversified bond ETFs like VTC could become increasingly relevant, especially in the current interest rate environment.

Source: fool.com