Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Hits New 12-Month Low – Time to Sell?

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $70.33 and last traded at $70.4040, with a volume of 3761646 shares traded. The stock had previously closed at $71.67.

Vanguard Long-Term Corporate Bond ETF Stock Down 1.6%

The stock has a 50 day moving average of $71.99 and a two-hundred day moving average of $73.82.

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

Several hedge funds have recently bought and sold shares of VCLT. High Net Worth Advisory Group LLC increased its holdings in Vanguard Long-Term Corporate Bond ETF by 1.2% in the first quarter. High Net Worth Advisory Group LLC now owns 13,061 shares of the exchange traded fund’s stock worth $976,000 after buying an additional 156 shares during the last quarter. CoreCap Advisors LLC grew its position in Vanguard Long-Term Corporate Bond ETF by 1.9% in the second quarter. CoreCap Advisors LLC now owns 8,751 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 165 shares in the last quarter. Topsail Wealth Management LLC increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 0.9% during the 1st quarter. Topsail Wealth Management LLC now owns 19,528 shares of the exchange traded fund’s stock worth $1,459,000 after purchasing an additional 169 shares during the last quarter. Harmony Asset Management LLC increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 1.3% during the 1st quarter. Harmony Asset Management LLC now owns 13,504 shares of the exchange traded fund’s stock worth $1,009,000 after purchasing an additional 175 shares during the last quarter. Finally, Anchor Capital Advisors LLC raised its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 4.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 4,600 shares of the exchange traded fund’s stock valued at $346,000 after purchasing an additional 200 shares in the last quarter.

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.