Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Hits New 12-Month Low – Here’s What Happened

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday. The company traded as low as $68.67 and last traded at $68.97, with a volume of 8516167 shares changing hands. The stock had previously closed at $69.62.

Vanguard Long-Term Corporate Bond ETF Price Performance

The firm’s 50-day moving average is $71.53 and its 200 day moving average is $73.56.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atomic Invest LLC acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the second quarter worth about $25,000. Envestnet Asset Management Inc. grew its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 529,936 shares of the exchange traded fund’s stock worth $39,878,000 after buying an additional 25,658 shares during the last quarter. Tidal Investments LLC acquired a new position in Vanguard Long-Term Corporate Bond ETF in the 2nd quarter valued at about $13,515,000. Anchor Capital Advisors LLC increased its position in Vanguard Long-Term Corporate Bond ETF by 4.5% in the 2nd quarter. Anchor Capital Advisors LLC now owns 4,600 shares of the exchange traded fund’s stock valued at $346,000 after acquiring an additional 200 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Vanguard Long-Term Corporate Bond ETF during the 2nd quarter valued at approximately $200,000.

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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