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

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $72.71 and last traded at $72.75, with a volume of 129721 shares changing hands. The stock had previously closed at $73.08.

Vanguard Long-Term Corporate Bond ETF Stock Performance

The business’s 50 day moving average price is $74.51 and its 200 day moving average price is $75.29.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.3422 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

Institutional Trading of Vanguard Long-Term Corporate Bond ETF

Several large investors have recently made changes to their positions in VCLT. Western Wealth Management LLC acquired a new stake in Vanguard Long-Term Corporate Bond ETF during the 1st quarter worth $34,000. Friedenthal Financial grew its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 51.5% during the fourth quarter. Friedenthal Financial now owns 468 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 159 shares in the last quarter. Jessup Wealth Management Inc acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the fourth quarter valued at about $36,000. Entrust Financial LLC acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the fourth quarter valued at about $40,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Vanguard Long-Term Corporate Bond ETF in the third quarter worth about $65,000.

About Vanguard Long-Term Corporate Bond ETF

Vanguard Long Term Corporate Bond ETF (the Fund) seeks to track the performance of a market-weighted corporate bond index with a long-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. 10+ Year Corporate Index (the Index). This index includes the United States dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility and financial companies, with maturities greater than 10 years.