Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Reaches New 52-Week Low – Should You Sell?

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)’s share price hit a new 52-week low on Monday . The stock traded as low as $81.04 and last traded at $81.05, with a volume of 2292233 shares traded. The stock had previously closed at $81.26.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

The business’s 50-day moving average price is $82.07 and its 200-day moving average price is $82.85.

Vanguard Intermediate-Term Corporate Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.3421 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, August 3rd.

Institutional Trading of Vanguard Intermediate-Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. USA Financial Formulas bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 1st quarter valued at approximately $174,000. GoalFusion Wealth Management LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 5.8% during the 2nd quarter. GoalFusion Wealth Management LLC now owns 262,321 shares of the company’s stock worth $21,681,000 after acquiring an additional 14,272 shares during the period. Buska Wealth Management LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 9.1% during the 2nd quarter. Buska Wealth Management LLC now owns 86,334 shares of the company’s stock worth $7,136,000 after acquiring an additional 7,212 shares during the period. Envision Financial LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 9.2% during the 2nd quarter. Envision Financial LLC now owns 124,185 shares of the company’s stock worth $10,264,000 after acquiring an additional 10,510 shares during the period. Finally, Annex Advisory Services LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $211,000.

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.