Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Stock Price Breaks Below 50 Day Moving Average – Should You Sell?

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $79.19 and traded as low as $78.75. Vanguard Intermediate-Term Corporate Bond ETF shares last traded at $78.76, with a volume of 7,038,424 shares changing hands.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.7%

The stock’s fifty day simple moving average is $79.19 and its 200 day simple moving average is $81.72.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 39.6% in the 1st quarter. Bank of America Corp DE now owns 118,464,592 shares of the company’s stock worth $9,802,945,000 after purchasing an additional 33,615,148 shares during the period. Fisher Asset Management LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% during the third quarter. Fisher Asset Management LLC now owns 99,629,860 shares of the company’s stock valued at $7,802,014,000 after purchasing an additional 3,923,280 shares during the period. HighTower Advisors LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at about $271,170,000. Symetra Investment Management Co purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the first quarter worth about $259,274,000. Finally, First Interstate Bank purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth about $168,766,000.

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.