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

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

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.1%

The business’s 50-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 firm also recently disclosed a dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.3319 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 39.6% in the 1st quarter. Bank of America Corp DE now owns 118,464,592 shares of the company’s stock valued at $9,802,945,000 after acquiring an additional 33,615,148 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.1% during the fourth 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 increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.6% in the third 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 during the last quarter. Morgan Stanley increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.4% in the fourth quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock worth $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% in the fourth quarter. LPL Financial LLC now owns 10,895,493 shares of the company’s stock worth $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.