Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Hits New 1-Year Low – Here’s Why

Vanguard Long-Term Bond ETF (NYSEARCA:BLV)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $66.26 and last traded at $66.31, with a volume of 54474 shares changing hands. The stock had previously closed at $66.67.

Vanguard Long-Term Bond ETF Price Performance

The stock has a 50 day moving average price of $68.14 and a 200-day moving average price of $69.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DiPaolo Financial Group Inc. grew its holdings in shares of Vanguard Long-Term Bond ETF by 5.4% during the second quarter. DiPaolo Financial Group Inc. now owns 83,990 shares of the company’s stock worth $5,789,000 after buying an additional 4,273 shares in the last quarter. Platt Investment Counsel LLC raised its position in shares of Vanguard Long-Term Bond ETF by 1.8% in the second quarter. Platt Investment Counsel LLC now owns 164,964 shares of the company’s stock valued at $11,371,000 after buying an additional 2,880 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Vanguard Long-Term Bond ETF by 9.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,717 shares of the company’s stock valued at $187,000 after buying an additional 240 shares during the last quarter. First Heartland Consultants Inc. lifted its stake in shares of Vanguard Long-Term Bond ETF by 1.1% in the second quarter. First Heartland Consultants Inc. now owns 57,796 shares of the company’s stock worth $3,984,000 after buying an additional 631 shares in the last quarter. Finally, Ryan Investment Management Inc. purchased a new position in shares of Vanguard Long-Term Bond ETF in the second quarter worth about $12,777,000.

About Vanguard Long-Term Bond ETF

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.