Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)’s stock price crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $79.45 and traded as low as $79.23. Vanguard Intermediate-Term Corporate Bond ETF shares last traded at $79.24, with a volume of 22,042,716 shares.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $79.45 and its 200 day simple moving average is $81.90.

Institutional Trading of Vanguard Intermediate-Term Corporate Bond ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 39.6% in the first 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 during the period. Symetra Investment Management Co bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth $259,274,000. First Interstate Bank acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at about $168,766,000. Allspring Global Investments Holdings LLC lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 147.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,710,658 shares of the company’s stock valued at $224,226,000 after acquiring an additional 1,615,135 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.7% in the first quarter. Wealthfront Advisers LLC now owns 6,762,049 shares of the company’s stock worth $559,560,000 after purchasing an additional 1,251,320 shares in 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.