Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Hits New 1-Year Low – What’s Next?

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCITGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $81.41 and last traded at $81.42, with a volume of 453903 shares trading hands. The stock had previously closed at $81.53.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.3%

The stock’s fifty day moving average is $82.19 and its two-hundred day moving average is $83.00.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.3319 per share. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On Vanguard Intermediate-Term Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 136.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. HHM Wealth Advisors LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 1st quarter worth about $29,000. Monetary Solutions Ltd acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth about $30,000. Richards Merrill & Peterson Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at about $30,000. Finally, Chapman Financial Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at about $31,000.

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.

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