Vanguard Long-Term Bond ETF (NYSEARCA:BLV) Hits New 52-Week Low – Should You Sell?

Vanguard Long-Term Bond ETF (NYSEARCA:BLV)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $65.66 and last traded at $65.69, with a volume of 50053 shares. The stock had previously closed at $65.89.

Vanguard Long-Term Bond ETF Price Performance

The company’s fifty day moving average price is $67.55 and its 200 day moving average price is $68.60.

Hedge Funds Weigh In On Vanguard Long-Term Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its holdings in shares of Vanguard Long-Term Bond ETF by 148.0% in the 1st quarter. Sound Income Strategies LLC now owns 372 shares of the company’s stock worth $25,000 after purchasing an additional 222 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Vanguard Long-Term Bond ETF by 864.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 357 shares of the company’s stock valued at $25,000 after purchasing an additional 320 shares during the period. Key Financial Inc increased its stake in shares of Vanguard Long-Term Bond ETF by 114.0% in the fourth quarter. Key Financial Inc now owns 473 shares of the company’s stock valued at $33,000 after purchasing an additional 252 shares during the period. Franklin Resources Inc. bought a new stake in shares of Vanguard Long-Term Bond ETF during the second quarter valued at approximately $33,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Vanguard Long-Term Bond ETF during the fourth quarter worth approximately $53,000.

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). 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.