Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Reaches New 1-Year Low – Here’s Why

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCITGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $79.44 and last traded at $79.4150, with a volume of 1774473 shares. The stock had previously closed at $79.95.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

The stock has a 50-day simple moving average of $80.93 and a 200-day simple moving average of $82.02.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. WESCAP Management Group Inc. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 1.9% during the fourth quarter. WESCAP Management Group Inc. now owns 363,059 shares of the company’s stock valued at $30,406,000 after buying an additional 6,608 shares in the last quarter. Morton Brown Family Wealth LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.9% in the 1st quarter. Morton Brown Family Wealth LLC now owns 162,814 shares of the company’s stock worth $13,473,000 after acquiring an additional 7,640 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 271.0% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 27,033 shares of the company’s stock worth $2,267,000 after acquiring an additional 19,746 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 242.9% in the 2nd quarter. HB Wealth Management LLC now owns 30,777 shares of the company’s stock valued at $2,544,000 after acquiring an additional 21,801 shares during the last quarter. Finally, Greenspring Advisors LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 910.8% in the 4th quarter. Greenspring Advisors LLC now owns 194,428 shares of the company’s stock valued at $16,283,000 after acquiring an additional 175,192 shares during the last quarter.

About Vanguard Intermediate-Term Corporate Bond ETF

(Get Free Report)

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.

Further Reading

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