Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Sees Strong Trading Volume – Time to Buy?

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) saw unusually-high trading volume on Wednesday. Approximately 9,313,069 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 5,380,165 shares. The stock last traded at $68.5620 and had previously closed at $68.75.

Vanguard Long-Term Corporate Bond ETF Price Performance

The company has a 50-day moving average price of $71.46 and a two-hundred day moving average price of $73.52.

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

A number of institutional investors and hedge funds have recently modified their holdings of VCLT. Allianz SE bought a new stake in Vanguard Long-Term Corporate Bond ETF during the fourth quarter valued at approximately $183,255,000. Ocean Park Asset Management LLC bought a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter worth $39,085,000. PNC Financial Services Group Inc. raised its position in shares of Vanguard Long-Term Corporate Bond ETF by 296.3% during 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 buying an additional 509,611 shares in the last quarter. Royal Bank of Canada raised its position in shares of Vanguard Long-Term Corporate Bond ETF by 33.3% during 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 buying an additional 212,997 shares in the last quarter. Finally, Castleark Management LLC raised its position in shares of Vanguard Long-Term Corporate Bond ETF by 89.6% during the 1st quarter. Castleark Management LLC now owns 448,330 shares of the exchange traded fund’s stock valued at $33,499,000 after buying an additional 211,880 shares in the last quarter.

Vanguard Long-Term Corporate Bond ETF Company Profile

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.