Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Hits New 1-Year Low – Time to Sell?

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) shares hit a new 52-week low during trading on Thursday . The company traded as low as $71.00 and last traded at $70.9390, with a volume of 3170 shares changing hands. The stock had previously closed at $71.45.

Vanguard Long-Term Corporate Bond ETF Trading Up 0.0%

The stock has a fifty day simple moving average of $72.34 and a two-hundred day simple moving average of $74.13.

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

Several large investors have recently added to or reduced their stakes in the business. Allianz SE bought a new stake in Vanguard Long-Term Corporate Bond ETF in the fourth quarter valued at $183,255,000. Millennium Management LLC bought a new position in shares of Vanguard Long-Term Corporate Bond ETF during the 3rd quarter worth about $94,119,000. Jefferies Financial Group Inc. bought a new position in shares of Vanguard Long-Term Corporate Bond ETF during the 4th quarter worth about $41,145,000. Ocean Park Asset Management LLC acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter valued at about $39,085,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 296.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 681,612 shares of the exchange traded fund’s stock valued at $50,930,000 after buying an additional 509,611 shares during the period.

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.