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

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

Vanguard Long-Term Corporate Bond ETF Trading Down 0.2%

The firm has a 50-day moving average price of $73.70 and a two-hundred day moving average price of $74.79.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Vanguard Long-Term Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 1st quarter valued at about $34,000. Friedenthal Financial increased its stake in Vanguard Long-Term Corporate Bond ETF by 51.5% in the fourth quarter. Friedenthal Financial now owns 468 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 159 shares during the last quarter. Jessup Wealth Management Inc acquired a new position in shares of Vanguard Long-Term Corporate Bond ETF during the 4th quarter worth $36,000. Entrust Financial LLC bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the 4th quarter worth $40,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the 3rd quarter worth $65,000.

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.