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

Vanguard Long-Term Bond ETF (NYSEARCA:BLV) shares hit a new 52-week low on Thursday . The stock traded as low as $64.99 and last traded at $65.0390, with a volume of 65429 shares. The stock had previously closed at $65.59.

Vanguard Long-Term Bond ETF Stock Performance

The stock has a 50-day simple moving average of $66.55 and a 200-day simple moving average of $68.08.

Institutional Trading of Vanguard Long-Term Bond ETF

A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its stake 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 worth $224,960,000 after buying an additional 247,583 shares during the period. Lincoln National Corp lifted its holdings in shares of Vanguard Long-Term Bond ETF by 2.6% during the 1st quarter. Lincoln National Corp now owns 2,627,194 shares of the company’s stock valued at $180,698,000 after acquiring an additional 65,347 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings 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 acquiring an additional 106,651 shares in the last quarter. Bank of New York Mellon Corp boosted its position in 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 worth $106,417,000 after purchasing an additional 124,511 shares during the period. Finally, Bank of America Corp DE boosted its position in 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 worth $84,957,000 after purchasing an additional 577,868 shares during the period.

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.