Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Reaches New 1-Year Low – What’s Next?

Vanguard Long-Term Bond ETF (NYSEARCA:BLV) reached a new 52-week low during trading on Wednesday. The stock traded as low as $64.49 and last traded at $64.47, with a volume of 363400 shares traded. The stock had previously closed at $65.57.

Vanguard Long-Term Bond ETF Price Performance

The stock has a 50-day simple moving average of $65.95 and a two-hundred day simple moving average of $67.62.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its position in Vanguard Long-Term Bond ETF by 4.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 478,824 shares of the company’s stock valued at $33,005,000 after purchasing an additional 20,213 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard Long-Term Bond ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,866,536 shares of the company’s stock worth $955,820,000 after buying an additional 220,714 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Vanguard Long-Term Bond ETF by 17.0% in the second quarter. Capital Analysts LLC now owns 28,779 shares of the company’s stock worth $1,984,000 after acquiring an additional 4,192 shares during the period. RFG Advisory LLC grew its holdings in shares of Vanguard Long-Term Bond ETF by 10.6% in the second quarter. RFG Advisory LLC now owns 16,940 shares of the company’s stock worth $1,168,000 after acquiring an additional 1,620 shares during the period. Finally, NewEdge Advisors LLC increased its position in Vanguard Long-Term Bond ETF by 34.6% during the second quarter. NewEdge Advisors LLC now owns 254,760 shares of the company’s stock valued at $17,561,000 after acquiring an additional 65,517 shares during the last quarter.

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.