Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLTGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $72.02 and traded as low as $71.41. Vanguard Long-Term Corporate Bond ETF shares last traded at $71.63, with a volume of 2,589,200 shares changing hands.

Vanguard Long-Term Corporate Bond ETF Price Performance

The stock has a fifty day simple moving average of $71.93 and a 200-day simple moving average of $73.78.

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

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in Vanguard Long-Term Corporate Bond ETF by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 529,936 shares of the exchange traded fund’s stock valued at $39,878,000 after buying an additional 25,658 shares during the period. Tidal Investments LLC acquired a new position in shares of Vanguard Long-Term Corporate Bond ETF in the second quarter worth about $13,515,000. Anchor Capital Advisors LLC boosted 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 in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the 2nd quarter worth about $200,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the 2nd quarter valued at about $209,000.

About Vanguard Long-Term Corporate Bond ETF

(Get Free Report)

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.

Further Reading

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