Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Hits New 52-Week Low – What’s Next?

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $70.33 and last traded at $70.4040, with a volume of 3761646 shares changing hands. The stock had previously closed at $71.67.

Vanguard Long-Term Corporate Bond ETF Stock Performance

The company has a 50 day moving average price of $71.86 and a 200-day moving average price of $73.73.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VCLT. High Net Worth Advisory Group LLC boosted its position in shares of Vanguard Long-Term Corporate Bond ETF by 1.2% during the first quarter. High Net Worth Advisory Group LLC now owns 13,061 shares of the exchange traded fund’s stock valued at $976,000 after buying an additional 156 shares during the period. CoreCap Advisors LLC grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 1.9% during the second quarter. CoreCap Advisors LLC now owns 8,751 shares of the exchange traded fund’s stock valued at $659,000 after buying an additional 165 shares during the last quarter. Topsail Wealth Management LLC raised its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 0.9% in the first quarter. Topsail Wealth Management LLC now owns 19,528 shares of the exchange traded fund’s stock worth $1,459,000 after buying an additional 169 shares during the period. Harmony Asset Management LLC raised its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 1.3% in the first quarter. Harmony Asset Management LLC now owns 13,504 shares of the exchange traded fund’s stock worth $1,009,000 after buying an additional 175 shares during the period. Finally, Anchor Capital Advisors LLC lifted its stake in shares of Vanguard Long-Term Corporate Bond ETF by 4.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 4,600 shares of the exchange traded fund’s stock worth $346,000 after acquiring an additional 200 shares during the last quarter.

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.