Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Reaches New 52-Week Low – What’s Next?

Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) reached a new 52-week low on Wednesday . The stock traded as low as $71.95 and last traded at $72.07, with a volume of 3935222 shares traded. The stock had previously closed at $72.82.

Vanguard Long-Term Corporate Bond ETF Trading Down 1.1%

The stock has a fifty day moving average of $74.41 and a 200-day moving average of $75.19.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3422 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 5.7%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. High Net Worth Advisory Group LLC grew its stake in Vanguard Long-Term Corporate Bond ETF by 1.2% in the first quarter. High Net Worth Advisory Group LLC now owns 13,061 shares of the exchange traded fund’s stock valued at $976,000 after purchasing an additional 156 shares in the last quarter. Friedenthal Financial boosted its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 51.5% in the 4th quarter. Friedenthal Financial now owns 468 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 159 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 1.9% in the 2nd quarter. CoreCap Advisors LLC now owns 8,751 shares of the exchange traded fund’s stock valued at $659,000 after buying an additional 165 shares during the last quarter. Topsail Wealth Management LLC grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 0.9% in the first quarter. Topsail Wealth Management LLC now owns 19,528 shares of the exchange traded fund’s stock valued at $1,459,000 after buying an additional 169 shares in the last quarter. Finally, Harmony Asset Management LLC grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 1.3% in the first quarter. Harmony Asset Management LLC now owns 13,504 shares of the exchange traded fund’s stock valued at $1,009,000 after buying an additional 175 shares in the last quarter.

About Vanguard Long-Term Corporate Bond ETF

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.