Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Sets New 52-Week Low – Here’s Why

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) reached a new 52-week low on Tuesday. The company traded as low as $78.22 and last traded at $78.39, with a volume of 15166390 shares trading hands. The stock had previously closed at $78.84.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.1%

The company’s 50 day moving average price is $80.56 and its two-hundred day moving average price is $81.81.

Institutional Trading of Vanguard Intermediate-Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atomic Invest LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.0% during the second quarter. Atomic Invest LLC now owns 7,023 shares of the company’s stock valued at $583,000 after buying an additional 137 shares during the period. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth approximately $283,000. Talon Private Wealth LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 21.5% during the 2nd quarter. Talon Private Wealth LLC now owns 41,199 shares of the company’s stock worth $3,405,000 after acquiring an additional 7,304 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 39.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,202 shares of the company’s stock worth $3,405,000 after acquiring an additional 11,667 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 12.4% during the 2nd quarter. Tidal Investments LLC now owns 461,483 shares of the company’s stock valued at $37,843,000 after acquiring an additional 51,035 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Company Profile

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.