Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Hits New 1-Year Low – Time to Sell?

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) reached a new 52-week low during trading on Monday . The stock traded as low as $71.73 and last traded at $71.74, with a volume of 3129748 shares changing hands. The stock had previously closed at $72.36.

Vanguard Long-Term Corporate Bond ETF Price Performance

The business’s fifty day moving average price is $74.01 and its two-hundred day moving average price is $74.95.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were issued a $0.3502 dividend. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Trading of Vanguard Long-Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its stake in Vanguard Long-Term Corporate Bond ETF by 20.6% during the 2nd quarter. State Street Corp now owns 1,121,846 shares of the exchange traded fund’s stock worth $85,148,000 after buying an additional 191,387 shares during the last quarter. Sei Investments Co. boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 55.6% in the second quarter. Sei Investments Co. now owns 146,574 shares of the exchange traded fund’s stock worth $11,125,000 after acquiring an additional 52,404 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 0.3% in the second quarter. Alliancebernstein L.P. now owns 542,428 shares of the exchange traded fund’s stock worth $41,170,000 after acquiring an additional 1,523 shares in the last quarter. Bank of America Corp DE boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 0.5% in the second quarter. Bank of America Corp DE now owns 2,389,158 shares of the exchange traded fund’s stock worth $181,337,000 after acquiring an additional 11,002 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 21.0% during the second quarter. Orion Porfolio Solutions LLC now owns 7,704 shares of the exchange traded fund’s stock worth $585,000 after acquiring an additional 1,335 shares during the last quarter.

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.