Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Sees Large Volume Increase – Here’s Why

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) saw strong trading volume on Friday . 6,479,069 shares traded hands during mid-day trading, an increase of 156% from the previous session’s volume of 2,533,443 shares.The stock last traded at $76.11 and had previously closed at $75.60.

Vanguard Long-Term Corporate Bond ETF Price Performance

The firm’s fifty day moving average price is $75.08 and its two-hundred day moving average price is $77.73.

Vanguard Long-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.3447 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. PSI Advisors LLC increased its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 71.4% in the third quarter. PSI Advisors LLC now owns 437 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 182 shares during the period. Pinney & Scofield Inc. purchased a new position in shares of Vanguard Long-Term Corporate Bond ETF in the fourth quarter worth about $44,000. United Community Bank increased its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 444.4% in the fourth quarter. United Community Bank now owns 637 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 520 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of Vanguard Long-Term Corporate Bond ETF in the fourth quarter worth about $52,000. Finally, Glass Jacobson Investment Advisors llc increased its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 507.1% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,196 shares of the exchange traded fund’s stock worth $97,000 after buying an additional 999 shares during the period.

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.