Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Hits New 52-Week Low – Here’s Why

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) reached a new 52-week low on Wednesday . The stock traded as low as $70.33 and last traded at $70.4040, with a volume of 3761646 shares trading hands. The stock had previously closed at $71.67.

Vanguard Long-Term Corporate Bond ETF Price Performance

The business has a 50-day simple moving average of $71.99 and a two-hundred day simple moving average of $73.82.

Institutional Investors Weigh In On Vanguard Long-Term Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCLT. Purpose Unlimited Inc. bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter worth approximately $4,910,000. Nottingham Advisors Inc. grew its position in shares of Vanguard Long-Term Corporate Bond ETF by 39.2% during the 1st quarter. Nottingham Advisors Inc. now owns 56,786 shares of the exchange traded fund’s stock worth $4,243,000 after buying an additional 16,000 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 3.8% in the 1st quarter. Sanctuary Advisors LLC now owns 594,398 shares of the exchange traded fund’s stock valued at $44,413,000 after acquiring an additional 21,885 shares during the last quarter. Sei Investments Co. increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 39.2% in the 1st quarter. Sei Investments Co. now owns 246,292 shares of the exchange traded fund’s stock valued at $18,403,000 after acquiring an additional 69,390 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter valued at approximately $13,515,000.

Vanguard Long-Term Corporate Bond ETF Company Profile

Vanguard Long Term Corporate Bond ETF (the Fund) seeks to track the performance of a market-weighted corporate bond index with a long-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. 10+ Year Corporate Index (the Index). This index includes the United States dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility and financial companies, with maturities greater than 10 years.