Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Sets New 12-Month Low – Should You Sell?

Vanguard Long-Term Bond ETF (NYSEARCA:BLV) reached a new 52-week low on Wednesday. The stock traded as low as $61.78 and last traded at $62.0230, with a volume of 48959 shares trading hands. The stock had previously closed at $62.48.

Vanguard Long-Term Bond ETF Stock Performance

The company’s 50-day moving average price is $65.31 and its 200 day moving average price is $67.26.

Hedge Funds Weigh In On Vanguard Long-Term Bond ETF

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in shares of Vanguard Long-Term Bond ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,866,536 shares of the company’s stock valued at $955,820,000 after buying an additional 220,714 shares in the last quarter. LPL Financial LLC lifted its holdings in Vanguard Long-Term Bond ETF by 8.3% during the fourth quarter. LPL Financial LLC now owns 3,235,906 shares of the company’s stock valued at $224,960,000 after purchasing an additional 247,583 shares in the last quarter. Lincoln National Corp boosted its position in shares of Vanguard Long-Term Bond ETF by 2.6% in the first quarter. Lincoln National Corp now owns 2,627,194 shares of the company’s stock worth $180,698,000 after purchasing an additional 65,347 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Vanguard Long-Term Bond ETF by 8.8% in the first quarter. Bank of New York Mellon Corp now owns 1,547,205 shares of the company’s stock worth $106,417,000 after purchasing an additional 124,511 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Vanguard Long-Term Bond ETF by 87.9% during the 1st quarter. Bank of America Corp DE now owns 1,235,200 shares of the company’s stock valued at $84,957,000 after purchasing an additional 577,868 shares during the period.

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.