Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Sets New 52-Week Low – Time to Sell?

Shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLV) reached a new 52-week low during trading on Wednesday. The stock traded as low as $61.78 and last traded at $62.0230, with a volume of 48959 shares changing hands. The stock had previously closed at $62.48.

Vanguard Long-Term Bond ETF Price Performance

The firm’s 50 day simple moving average is $65.17 and its two-hundred day simple moving average is $67.18.

Hedge Funds Weigh In On Vanguard Long-Term Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard Long-Term Bond ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 13,866,536 shares of the company’s stock valued at $955,820,000 after purchasing an additional 220,714 shares during the period. Lincoln National Corp raised its holdings in Vanguard Long-Term Bond ETF by 2.6% during the 1st quarter. Lincoln National Corp now owns 2,627,194 shares of the company’s stock valued at $180,698,000 after buying an additional 65,347 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Vanguard Long-Term Bond ETF by 8.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,547,205 shares of the company’s stock valued at $106,417,000 after buying an additional 124,511 shares during the last quarter. Bank of America Corp DE boosted its position in Vanguard Long-Term Bond ETF by 87.9% during the 1st quarter. Bank of America Corp DE now owns 1,235,200 shares of the company’s stock valued at $84,957,000 after buying an additional 577,868 shares during the period. Finally, Royal Bank of Canada boosted its position in Vanguard Long-Term Bond ETF by 2.1% during the 1st quarter. Royal Bank of Canada now owns 1,113,617 shares of the company’s stock valued at $76,595,000 after buying an additional 23,070 shares during the period.

Vanguard Long-Term Bond ETF Company Profile

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.