Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Hits New 52-Week Low – Time to Sell?

Shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLVGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $64.49 and last traded at $64.47, with a volume of 363400 shares. The stock had previously closed at $65.57.

Vanguard Long-Term Bond ETF Trading Down 1.5%

The business’s fifty day moving average is $66.08 and its two-hundred day moving average is $67.70.

Hedge Funds Weigh In On Vanguard Long-Term Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Vanguard Long-Term Bond ETF by 8.3% in the 4th 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 increased its holdings in Vanguard Long-Term Bond ETF by 2.6% during the first quarter. Lincoln National Corp now owns 2,627,194 shares of the company’s stock valued at $180,698,000 after buying an additional 65,347 shares during the period. Bank of New York Mellon Corp increased its holdings in Vanguard Long-Term Bond ETF by 8.8% during the first 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. Bank of America Corp DE raised its stake in Vanguard Long-Term Bond ETF by 87.9% in the first quarter. Bank of America Corp DE now owns 1,235,200 shares of the company’s stock worth $84,957,000 after buying an additional 577,868 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Vanguard Long-Term Bond ETF by 2.1% in the first quarter. Royal Bank of Canada now owns 1,113,617 shares of the company’s stock worth $76,595,000 after buying an additional 23,070 shares in the last quarter.

About Vanguard Long-Term Bond ETF

(Get Free Report)

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.

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