Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Share Price Breaks Below Fifty Day Moving Average – Time to Sell?

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $70.09 and traded as low as $69.50. Vanguard Long-Term Corporate Bond ETF shares last traded at $69.51, with a volume of 4,551,001 shares trading hands.

Vanguard Long-Term Corporate Bond ETF Trading Down 1.3%

The firm’s 50 day moving average is $70.09 and its two-hundred day moving average is $73.42.

Institutional Trading of Vanguard Long-Term Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Allianz SE purchased a new position in Vanguard Long-Term Corporate Bond ETF in the third quarter valued at $165,497,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Vanguard Long-Term Corporate Bond ETF during the 3rd quarter worth $98,366,000. Ocean Park Asset Management LLC acquired a new position in Vanguard Long-Term Corporate Bond ETF during the 2nd quarter worth $39,085,000. PNC Financial Services Group Inc. grew its stake in 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 worth $50,930,000 after purchasing an additional 509,611 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Vanguard Long-Term Corporate Bond ETF during the 3rd quarter worth about $29,307,000.

About Vanguard Long-Term Corporate Bond ETF

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.