Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Reaches New 1-Year 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 stock traded as low as $71.73 and last traded at $71.74, with a volume of 3129748 shares. The stock had previously closed at $72.36.

Vanguard Long-Term Corporate Bond ETF Stock Performance

The stock’s 50-day moving average price is $73.88 and its 200 day moving average price is $74.89.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.3502 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, August 3rd. This is a positive change from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.34.

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

Several hedge funds have recently modified their holdings of VCLT. Trust Co. of Vermont purchased a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter worth approximately $492,000. Insight Wealth Strategies LLC increased its holdings in Vanguard Long-Term Corporate Bond ETF by 16.2% during the second quarter. Insight Wealth Strategies LLC now owns 420,326 shares of the exchange traded fund’s stock valued at $31,377,000 after buying an additional 58,675 shares during the period. Ocean Park Asset Management LLC purchased a new position in Vanguard Long-Term Corporate Bond ETF during the second quarter valued at approximately $39,085,000. Sax Wealth Advisors LLC raised its stake in Vanguard Long-Term Corporate Bond ETF by 30.7% in the second quarter. Sax Wealth Advisors LLC now owns 15,603 shares of the exchange traded fund’s stock worth $1,166,000 after buying an additional 3,662 shares in the last quarter. Finally, Mechanics Bank Trust Department lifted its holdings in Vanguard Long-Term Corporate Bond ETF by 16.8% during the second quarter. Mechanics Bank Trust Department now owns 75,544 shares of the exchange traded fund’s stock worth $5,685,000 after buying an additional 10,886 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.