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

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLTGet Free Report) hit a new 52-week low 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 Stock Down 0.8%

The company has a fifty day moving average of $72.51 and a two-hundred day moving average of $74.20.

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

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

About Vanguard Long-Term Corporate Bond ETF

(Get Free Report)

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.

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