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

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) shares hit a new 52-week low on Wednesday. The company traded as low as $79.44 and last traded at $79.4150, with a volume of 1774473 shares changing hands. The stock had previously closed at $79.95.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

The business’s 50-day simple moving average is $80.81 and its 200-day simple moving average is $81.95.

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

A number of institutional investors have recently modified their holdings of VCIT. MCF Advisors LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 19.7% during the 4th quarter. MCF Advisors LLC now owns 754 shares of the company’s stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 3.5% in the 1st quarter. Silver Oak Securities Incorporated now owns 3,964 shares of the company’s stock valued at $328,000 after purchasing an additional 134 shares during the period. Eaton Cambridge Inc. grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 3.7% in the 1st quarter. Eaton Cambridge Inc. now owns 3,874 shares of the company’s stock valued at $321,000 after buying an additional 137 shares in the last quarter. OxenFree Capital LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 0.3% during the 2nd quarter. OxenFree Capital LLC now owns 44,096 shares of the company’s stock worth $3,614,000 after buying an additional 140 shares during the period. Finally, Sonoma Allocations LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 2.9% during the 4th quarter. Sonoma Allocations LLC now owns 5,292 shares of the company’s stock worth $442,000 after buying an additional 148 shares during the period.

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.