Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Reaches New 1-Year Low – Should You Sell?

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) reached a new 52-week low during trading on Monday . The company traded as low as $81.04 and last traded at $81.05, with a volume of 2292233 shares. The stock had previously closed at $81.26.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.1%

The stock’s fifty day moving average price is $82.11 and its 200 day moving average price is $82.89.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a $0.3319 dividend. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VCIT. Bank of America Corp DE raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 39.6% during the first quarter. Bank of America Corp DE now owns 118,464,592 shares of the company’s stock valued at $9,802,945,000 after purchasing an additional 33,615,148 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock worth $7,033,022,000 after purchasing an additional 3,339,026 shares in the last quarter. Creative Planning boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.6% in the 3rd quarter. Creative Planning now owns 26,438,339 shares of the company’s stock worth $2,223,729,000 after purchasing an additional 927,083 shares in the last quarter. Morgan Stanley increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.4% during the 4th quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock valued at $2,014,054,000 after purchasing an additional 4,399,400 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.9% during the 4th quarter. LPL Financial LLC now owns 10,895,493 shares of the company’s stock valued at $912,498,000 after purchasing an additional 604,588 shares during the last quarter.

About Vanguard Intermediate-Term Corporate Bond ETF

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.