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

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

Vanguard Long-Term Bond ETF Price Performance

The company has a 50-day moving average price of $65.31 and a 200 day moving average price of $67.26.

Institutional Investors Weigh In On Vanguard Long-Term Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of BLV. Bank of America Corp DE lifted its position 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 during the last quarter. Ocean Park Asset Management LLC purchased a new stake in shares of Vanguard Long-Term Bond ETF in the first quarter valued at $32,677,000. Concurrent Investment Advisors LLC raised its position in Vanguard Long-Term Bond ETF by 482.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 321,333 shares of the company’s stock worth $22,150,000 after purchasing an additional 266,129 shares during the period. LPL Financial LLC raised its position in 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 worth $224,960,000 after purchasing an additional 247,583 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Vanguard Long-Term Bond ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 13,866,536 shares of the company’s stock worth $955,820,000 after purchasing an additional 220,714 shares during the last quarter.

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.