Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Hits New 1-Year Low – Here’s What Happened

Vanguard Long-Term Bond ETF (NYSEARCA:BLV) shares hit a new 52-week low during trading on Monday . The company traded as low as $65.66 and last traded at $65.69, with a volume of 50053 shares trading hands. The stock had previously closed at $65.89.

Vanguard Long-Term Bond ETF Trading Down 0.2%

The company has a fifty day moving average of $67.55 and a 200 day moving average of $68.60.

Institutional Investors Weigh In On Vanguard Long-Term Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC grew its stake in shares of Vanguard Long-Term Bond ETF by 148.0% in the 1st quarter. Sound Income Strategies LLC now owns 372 shares of the company’s stock worth $25,000 after purchasing an additional 222 shares during the last quarter. Sunbelt Securities Inc. grew its position in Vanguard Long-Term Bond ETF by 864.9% in the third quarter. Sunbelt Securities Inc. now owns 357 shares of the company’s stock worth $25,000 after buying an additional 320 shares during the last quarter. Key Financial Inc increased its holdings in shares of Vanguard Long-Term Bond ETF by 114.0% in the fourth quarter. Key Financial Inc now owns 473 shares of the company’s stock valued at $33,000 after buying an additional 252 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Vanguard Long-Term Bond ETF in the second quarter valued at $33,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Vanguard Long-Term Bond ETF during the 4th quarter valued at $53,000.

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.