Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)’s share price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $70.29 and traded as high as $70.93. Vanguard Long-Term Corporate Bond ETF shares last traded at $70.82, with a volume of 17,641,739 shares.

Vanguard Long-Term Corporate Bond ETF Stock Performance

The stock’s 50 day moving average price is $70.29 and its 200 day moving average price is $73.60.

Institutional Trading of Vanguard Long-Term Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of VCLT. One Way Holdings LLC boosted its stake in shares of Vanguard Long-Term Corporate Bond ETF by 14.6% during the 3rd quarter. One Way Holdings LLC now owns 1,089,864 shares of the exchange traded fund’s stock worth $74,656,000 after acquiring an additional 138,572 shares during the period. Royal Bank of Canada raised its stake in Vanguard Long-Term Corporate Bond ETF by 33.3% in the 1st quarter. Royal Bank of Canada now owns 852,628 shares of the exchange traded fund’s stock valued at $63,708,000 after acquiring an additional 212,997 shares during the period. Davidson Capital Management Inc. raised its stake in Vanguard Long-Term Corporate Bond ETF by 2.8% in the 3rd quarter. Davidson Capital Management Inc. now owns 747,412 shares of the exchange traded fund’s stock valued at $51,198,000 after acquiring an additional 20,538 shares during the period. PNC Financial Services Group Inc. raised its stake in 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 acquiring an additional 509,611 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in Vanguard Long-Term Corporate Bond ETF by 3.8% in the 1st quarter. Sanctuary Advisors LLC now owns 594,398 shares of the exchange traded fund’s stock valued at $44,413,000 after acquiring an additional 21,885 shares during the period.

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.