Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $70.50 and traded as high as $70.90. Vanguard Long-Term Corporate Bond ETF shares last traded at $70.61, with a volume of 3,899,882 shares traded.

Vanguard Long-Term Corporate Bond ETF Trading Up 0.3%

The company’s fifty day simple moving average is $70.50 and its two-hundred day simple moving average is $73.84.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of Vanguard Long-Term Corporate Bond ETF by 33.3% during the 1st quarter. Royal Bank of Canada now owns 852,628 shares of the exchange traded fund’s stock worth $63,708,000 after purchasing an additional 212,997 shares during the last quarter. Davidson Capital Management Inc. increased its position in Vanguard Long-Term Corporate Bond ETF by 2.8% during the third quarter. Davidson Capital Management Inc. now owns 747,412 shares of the exchange traded fund’s stock worth $51,198,000 after buying an additional 20,538 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Vanguard Long-Term Corporate Bond ETF by 296.3% during the first quarter. PNC Financial Services Group Inc. now owns 681,612 shares of the exchange traded fund’s stock worth $50,930,000 after buying an additional 509,611 shares in the last quarter. Sanctuary Advisors LLC increased its position in Vanguard Long-Term Corporate Bond ETF by 3.8% during the first quarter. Sanctuary Advisors LLC now owns 594,398 shares of the exchange traded fund’s stock worth $44,413,000 after buying an additional 21,885 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 529,936 shares of the exchange traded fund’s stock worth $39,878,000 after acquiring an additional 25,658 shares during the last quarter.

About Vanguard Long-Term Corporate Bond ETF

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.