Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Reaches New 12-Month Low – What’s Next?

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) reached a new 52-week low during trading on Monday . The company traded as low as $71.73 and last traded at $71.74, with a volume of 3129748 shares traded. The stock had previously closed at $72.36.

Vanguard Long-Term Corporate Bond ETF Stock Performance

The firm’s 50-day simple moving average is $74.01 and its two-hundred day simple moving average is $74.95.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.3502 per share. The ex-dividend date was Monday, August 3rd. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 5.9%.

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

A number of large investors have recently made changes to their positions in the stock. State Street Corp increased its position in shares of 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 period. Sei Investments Co. lifted its position 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 worth $11,125,000 after acquiring an additional 52,404 shares during the period. Alliancebernstein L.P. lifted its position in Vanguard Long-Term Corporate Bond ETF by 0.3% during the 2nd 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 period. Bank of America Corp DE grew its stake in Vanguard Long-Term Corporate Bond ETF by 0.5% during the 2nd quarter. Bank of America Corp DE now owns 2,389,158 shares of the exchange traded fund’s stock valued at $181,337,000 after purchasing an additional 11,002 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in Vanguard Long-Term Corporate Bond ETF by 21.0% during the 2nd 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 during the last quarter.

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. 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.