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

Shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLV – Get Free Report) hit a new 52-week low on Tuesday. The company traded as low as $62.96 and last traded at $63.21, with a volume of 1080248 shares changing hands. The stock had previously closed at $63.78.

Vanguard Long-Term Bond ETF Stock Down 0.5%

The company has a 50 day moving average price of $65.65 and a 200-day moving average price of $67.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its holdings in shares of Vanguard Long-Term Bond ETF by 148.0% in the first quarter. Sound Income Strategies LLC now owns 372 shares of the company’s stock worth $25,000 after acquiring an additional 222 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of Vanguard Long-Term Bond ETF during the 2nd quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Vanguard Long-Term Bond ETF by 18.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,371 shares of the company’s stock valued at $94,000 after purchasing an additional 215 shares during the last quarter. Caldwell Trust Co acquired a new position in Vanguard Long-Term Bond ETF during the 1st quarter worth approximately $129,000. Finally, Compass Financial Management LLC bought a new position in Vanguard Long-Term Bond ETF in the 2nd quarter valued at approximately $154,000.

Vanguard Long-Term Bond ETF Company Profile

(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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