Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Hits New 52-Week Low – Time to Sell?

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $79.44 and last traded at $79.4150, with a volume of 1774473 shares changing hands. The stock had previously closed at $79.95.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

The firm has a 50 day moving average price of $80.93 and a 200-day moving average price of $82.02.

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

Several institutional investors have recently modified their holdings of the company. NBH Bank purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth $28,000. HHM Wealth Advisors LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter valued at about $29,000. Monetary Solutions Ltd acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at about $30,000. Bayban purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $36,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth about $40,000.

About Vanguard Intermediate-Term Corporate Bond ETF

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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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