Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Hits New 12-Month Low – What’s Next?

Shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLV) hit a new 52-week low on Wednesday . The company traded as low as $66.16 and last traded at $66.30, with a volume of 555032 shares trading hands. The stock had previously closed at $67.09.

Vanguard Long-Term Bond ETF Trading Down 1.3%

The firm has a 50-day moving average of $68.09 and a two-hundred day moving average of $68.95.

Institutional Trading of Vanguard Long-Term Bond ETF

A number of hedge funds have recently made changes to their positions in BLV. LPL Financial LLC grew its position 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 lifted its position in Vanguard Long-Term Bond ETF by 2.6% in the 1st quarter. Lincoln National Corp now owns 2,627,194 shares of the company’s stock worth $180,698,000 after buying an additional 65,347 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Vanguard Long-Term Bond ETF by 4.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,379,624 shares of the company’s stock valued at $165,431,000 after buying an additional 106,651 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Vanguard Long-Term Bond ETF by 8.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,547,205 shares of the company’s stock valued at $106,417,000 after buying an additional 124,511 shares during the period. Finally, Bank of America Corp DE grew its holdings 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 acquiring an additional 577,868 shares in the last quarter.

About Vanguard Long-Term Bond ETF

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.