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

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $71.95 and last traded at $72.07, with a volume of 3935222 shares changing hands. The stock had previously closed at $72.82.

Vanguard Long-Term Corporate Bond ETF Stock Up 0.3%

The stock has a 50-day simple moving average of $74.33 and a 200 day simple moving average of $75.14.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

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

Hedge Funds Weigh In On Vanguard Long-Term Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in VCLT. State of Tennessee Department of Treasury increased its stake in Vanguard Long-Term Corporate Bond ETF by 8.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 3,112,025 shares of the exchange traded fund’s stock valued at $237,167,000 after acquiring an additional 235,758 shares during the period. Bank of America Corp DE boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 14.2% during the third quarter. Bank of America Corp DE now owns 2,728,943 shares of the exchange traded fund’s stock valued at $211,902,000 after purchasing an additional 339,785 shares in the last quarter. Allianz SE acquired a new stake in Vanguard Long-Term Corporate Bond ETF during the fourth quarter valued at approximately $183,255,000. Wells Fargo & Company MN grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 3.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,719,661 shares of the exchange traded fund’s stock valued at $130,436,000 after purchasing an additional 57,497 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 4.2% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 1,265,890 shares of the exchange traded fund’s stock valued at $96,018,000 after purchasing an additional 51,600 shares during the period.

Vanguard Long-Term Corporate Bond ETF Company Profile

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.