Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Sets New 52-Week Low – Time to Sell?

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) reached a new 52-week low during trading on Wednesday . The company traded as low as $81.41 and last traded at $81.42, with a volume of 453903 shares. The stock had previously closed at $81.53.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.1%

The firm’s 50-day simple moving average is $82.24 and its two-hundred day simple moving average is $83.04.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a $0.3319 dividend. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On Vanguard Intermediate-Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 39.6% during the 1st quarter. Bank of America Corp DE now owns 118,464,592 shares of the company’s stock worth $9,802,945,000 after buying an additional 33,615,148 shares during the last quarter. Corient Private Wealth LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 438.6% in the 4th quarter. Corient Private Wealth LLC now owns 10,303,448 shares of the company’s stock valued at $862,914,000 after acquiring an additional 8,390,355 shares during the last quarter. Morgan Stanley increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 22.4% during the 4th quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock valued at $2,014,054,000 after acquiring an additional 4,399,400 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% during the 4th quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock valued at $7,033,022,000 after acquiring an additional 3,339,026 shares in the last quarter. Finally, Symetra Investment Management Co acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth about $259,274,000.

About Vanguard Intermediate-Term Corporate Bond ETF

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.