Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT – Get Free Report) saw unusually-strong trading volume on Wednesday. Approximately 11,910,960 shares traded hands during trading, an increase of 115% from the average daily volume of 5,534,196 shares. The stock last traded at $70.6450 and had previously closed at $70.10.
Vanguard Long-Term Corporate Bond ETF Price Performance
The business’s 50-day moving average price is $70.33 and its two-hundred day moving average price is $73.63.
Hedge Funds Weigh In On Vanguard Long-Term Corporate Bond ETF
Several institutional investors have recently added to or reduced their stakes in VCLT. Ocean Park Asset Management LLC bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter worth about $39,085,000. PNC Financial Services Group Inc. lifted its position in shares of Vanguard Long-Term Corporate Bond ETF by 296.3% during the first 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Vanguard Long-Term Corporate Bond ETF during the third quarter worth about $26,463,000. Royal Bank of Canada lifted its position in shares of Vanguard Long-Term Corporate Bond ETF by 33.3% during the first quarter. Royal Bank of Canada now owns 852,628 shares of the exchange traded fund’s stock worth $63,708,000 after purchasing an additional 212,997 shares during the last quarter. Finally, Castleark Management LLC grew its stake in Vanguard Long-Term Corporate Bond ETF by 89.6% in the first quarter. Castleark Management LLC now owns 448,330 shares of the exchange traded fund’s stock worth $33,499,000 after purchasing an additional 211,880 shares in the last quarter.
Vanguard Long-Term Corporate Bond ETF Company Profile
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.
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