Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Sets New 52-Week Low – What’s Next?

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

Vanguard Long-Term Corporate Bond ETF Stock Down 0.3%

The company has a fifty day moving average price of $74.58 and a two-hundred day moving average price of $75.34.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors 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 5.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mechanics Bank Trust Department boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 28.3% during the fourth quarter. Mechanics Bank Trust Department now owns 57,164 shares of the exchange traded fund’s stock worth $4,336,000 after buying an additional 12,606 shares in the last quarter. Antonelli Financial Advisors LLC grew its position in Vanguard Long-Term Corporate Bond ETF by 10.2% during the fourth quarter. Antonelli Financial Advisors LLC now owns 92,056 shares of the exchange traded fund’s stock worth $6,982,000 after buying an additional 8,519 shares during the period. Thrivent Financial for Lutherans purchased a new position in Vanguard Long-Term Corporate Bond ETF in the fourth quarter valued at about $5,220,000. Nottingham Advisors Inc. increased its holdings in Vanguard Long-Term Corporate Bond ETF by 39.2% in the first quarter. Nottingham Advisors Inc. now owns 56,786 shares of the exchange traded fund’s stock valued at $4,243,000 after buying an additional 16,000 shares in the last quarter. Finally, Revisor Wealth Management LLC lifted its position in shares of Vanguard Long-Term Corporate Bond ETF by 7.6% during the 4th quarter. Revisor Wealth Management LLC now owns 135,381 shares of the exchange traded fund’s stock valued at $10,371,000 after acquiring an additional 9,508 shares during the period.

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.