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

Shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLV) hit a new 52-week low on Tuesday . The company traded as low as $67.40 and last traded at $67.56, with a volume of 137244 shares changing hands. The stock had previously closed at $68.00.

Vanguard Long-Term Bond ETF Stock Performance

The firm’s 50 day simple moving average is $70.37 and its 200-day simple moving average is $72.18.

Institutional Investors Weigh In On Vanguard Long-Term Bond ETF

A number of large investors have recently modified their holdings of BLV. Commonwealth Equity Services LLC increased its stake in Vanguard Long-Term Bond ETF by 338.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 471,479 shares of the company’s stock worth $35,441,000 after buying an additional 364,040 shares during the period. Family Investment Center Inc. lifted its stake in shares of Vanguard Long-Term Bond ETF by 5,776.0% in the third quarter. Family Investment Center Inc. now owns 249,493 shares of the company’s stock worth $18,754,000 after acquiring an additional 245,247 shares in the last quarter. LPL Financial LLC boosted its holdings in Vanguard Long-Term Bond ETF by 6.9% in the third quarter. LPL Financial LLC now owns 2,534,316 shares of the company’s stock valued at $190,505,000 after purchasing an additional 163,370 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its holdings in Vanguard Long-Term Bond ETF by 46.2% in the third quarter. Capital Advisors Wealth Management LLC now owns 338,584 shares of the company’s stock valued at $25,451,000 after purchasing an additional 106,918 shares during the last quarter. Finally, PFG Advisors acquired a new stake in Vanguard Long-Term Bond ETF during the 3rd quarter valued at approximately $7,165,000.

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).