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

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $71.95 and last traded at $72.07, with a volume of 3935222 shares traded. The stock had previously closed at $72.82.

Vanguard Long-Term Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $74.41 and its two-hundred day moving average is $75.19.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a $0.3422 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On Vanguard Long-Term Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in VCLT. State of Tennessee Department of Treasury raised its position in shares of Vanguard Long-Term Corporate Bond ETF by 8.2% in the 4th quarter. State of Tennessee Department of Treasury now owns 3,112,025 shares of the exchange traded fund’s stock valued at $237,167,000 after acquiring an additional 235,758 shares during the period. Bank of America Corp DE increased its stake in Vanguard Long-Term Corporate Bond ETF by 14.2% during the 3rd quarter. Bank of America Corp DE now owns 2,728,943 shares of the exchange traded fund’s stock worth $211,902,000 after purchasing an additional 339,785 shares in the last quarter. Allianz SE bought a new position in Vanguard Long-Term Corporate Bond ETF in the fourth quarter valued at approximately $183,255,000. Wells Fargo & Company MN increased its position in shares of Vanguard Long-Term Corporate Bond ETF by 3.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,719,661 shares of the exchange traded fund’s stock worth $130,436,000 after acquiring an additional 57,497 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 4.2% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 1,265,890 shares of the exchange traded fund’s stock worth $96,018,000 after acquiring an additional 51,600 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. 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.