Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Hits New 52-Week Low – Here’s Why

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) reached a new 52-week low during trading on Monday . The stock traded as low as $71.57 and last traded at $71.57, with a volume of 67739 shares changing hands. The stock had previously closed at $71.79.

Vanguard Long-Term Corporate Bond ETF Stock Down 0.2%

The firm has a fifty day simple moving average of $73.70 and a two-hundred day simple moving average of $74.79.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.3502 per share. The ex-dividend date was Monday, August 3rd. This is a positive change from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 5.9%.

Institutional Investors Weigh In On Vanguard Long-Term Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Antonelli Financial Advisors LLC lifted its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 10.2% in the 4th quarter. Antonelli Financial Advisors LLC now owns 92,056 shares of the exchange traded fund’s stock valued at $6,982,000 after buying an additional 8,519 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Vanguard Long-Term Corporate Bond ETF during the fourth quarter worth about $5,220,000. Revisor Wealth Management LLC lifted its holdings in Vanguard Long-Term Corporate Bond ETF by 7.6% in the fourth 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. Purpose Unlimited Inc. acquired a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter valued at $4,910,000. Finally, Nottingham Advisors Inc. boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 39.2% during the first quarter. Nottingham Advisors Inc. now owns 56,786 shares of the exchange traded fund’s stock worth $4,243,000 after buying an additional 16,000 shares in 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.