Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Hits New 12-Month Low – Here’s Why

Vanguard Long-Term Bond ETF (NYSEARCA:BLV) shares reached a new 52-week low on Thursday . The company traded as low as $64.99 and last traded at $65.0390, with a volume of 65429 shares. The stock had previously closed at $65.59.

Vanguard Long-Term Bond ETF Price Performance

The stock’s 50 day simple moving average is $66.41 and its 200-day simple moving average is $68.01.

Institutional Investors Weigh In On Vanguard Long-Term Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. raised its position in shares of Vanguard Long-Term Bond ETF by 864.9% during the third quarter. Sunbelt Securities Inc. now owns 357 shares of the company’s stock valued at $25,000 after buying an additional 320 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Vanguard Long-Term Bond ETF by 148.0% in the first quarter. Sound Income Strategies LLC now owns 372 shares of the company’s stock valued at $25,000 after buying an additional 222 shares during the period. Franklin Resources Inc. acquired a new stake in Vanguard Long-Term Bond ETF during the second quarter worth about $33,000. Key Financial Inc grew its position in Vanguard Long-Term Bond ETF by 114.0% during the fourth quarter. Key Financial Inc now owns 473 shares of the company’s stock worth $33,000 after buying an additional 252 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in Vanguard Long-Term Bond ETF during the second quarter valued at about $35,000.

Vanguard Long-Term Bond ETF Company Profile

Vanguard Bond Index Funds (the Fund), formerly Vanguard Long-Term Bond ETF, seeks to track the performance of a market-weighted bond index with a long-term, dollar-weighted average maturity. It employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S.Long Government/Credit Bond Index (the Index). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued.