Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Sets New 52-Week Low – What’s Next?

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $72.71 and last traded at $72.75, with a volume of 129721 shares traded. The stock had previously closed at $73.08.

Vanguard Long-Term Corporate Bond ETF Stock Down 0.3%

The business has a fifty day moving average of $74.58 and a two-hundred day moving average of $75.34.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3422 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. State Street Corp grew its stake in Vanguard Long-Term Corporate Bond ETF by 20.6% in the 2nd quarter. State Street Corp now owns 1,121,846 shares of the exchange traded fund’s stock valued at $85,148,000 after acquiring an additional 191,387 shares during the last quarter. Sei Investments Co. increased its holdings in Vanguard Long-Term Corporate Bond ETF by 55.6% during the 2nd quarter. Sei Investments Co. now owns 146,574 shares of the exchange traded fund’s stock valued at $11,125,000 after acquiring an additional 52,404 shares in the last quarter. Alliancebernstein L.P. raised its position in Vanguard Long-Term Corporate Bond ETF by 0.3% during the second quarter. Alliancebernstein L.P. now owns 542,428 shares of the exchange traded fund’s stock worth $41,170,000 after acquiring an additional 1,523 shares during the last quarter. Bank of America Corp DE raised its position in Vanguard Long-Term Corporate Bond ETF by 0.5% during the second quarter. Bank of America Corp DE now owns 2,389,158 shares of the exchange traded fund’s stock worth $181,337,000 after acquiring an additional 11,002 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 21.0% in the second quarter. Orion Porfolio Solutions LLC now owns 7,704 shares of the exchange traded fund’s stock valued at $585,000 after purchasing an additional 1,335 shares in the last quarter.

About Vanguard Long-Term Corporate Bond ETF

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.