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

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT – Get Free Report) 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 trading hands.

Vanguard Long-Term Corporate Bond ETF Stock Up 0.3%

The stock’s fifty day simple moving average is $70.50 and its 200-day simple moving average is $73.84.

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

A number of institutional investors have recently modified their holdings of VCLT. Independence Bank of Kentucky lifted its stake in shares of Vanguard Long-Term Corporate Bond ETF by 76.0% during the third quarter. Independence Bank of Kentucky now owns 3,230 shares of the exchange traded fund’s stock valued at $221,000 after buying an additional 1,395 shares during the period. Park Avenue Securities LLC purchased a new stake in Vanguard Long-Term Corporate Bond ETF in the 3rd quarter worth approximately $1,340,000. Equity Wealth Partners LLC raised its holdings in Vanguard Long-Term Corporate Bond ETF by 6.9% in the 3rd quarter. Equity Wealth Partners LLC now owns 11,981 shares of the exchange traded fund’s stock valued at $821,000 after acquiring an additional 774 shares during the last quarter. Sigma Planning Corp acquired a new position in Vanguard Long-Term Corporate Bond ETF in the 3rd quarter valued at $858,000. Finally, Financial Advisory Partners LLC raised its holdings in Vanguard Long-Term Corporate Bond ETF by 48.7% in the 3rd quarter. Financial Advisory Partners LLC now owns 100,384 shares of the exchange traded fund’s stock valued at $6,876,000 after acquiring an additional 32,881 shares during the last quarter.

Vanguard Long-Term Corporate Bond ETF Company Profile

(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.

Further Reading

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