Alliancebernstein L.P. Makes New Investment in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

Alliancebernstein L.P. purchased a new position in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 543,784 shares of the exchange traded fund’s stock, valued at approximately $40,664,000.

Several other institutional investors and hedge funds have also made changes to their positions in VCLT. Charles Schwab Investment Management Inc. purchased a new position in Vanguard Long-Term Corporate Bond ETF in the 4th quarter worth $162,069,000. JPMorgan Chase & Co. raised its stake in shares of Vanguard Long-Term Corporate Bond ETF by 316.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,428,383 shares of the exchange traded fund’s stock worth $106,814,000 after purchasing an additional 1,085,608 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the fourth quarter worth about $49,200,000. Vanguard Group Inc. boosted its position in Vanguard Long-Term Corporate Bond ETF by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 4,847,247 shares of the exchange traded fund’s stock valued at $362,477,000 after buying an additional 293,885 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Vanguard Long-Term Corporate Bond ETF by 206.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 432,910 shares of the exchange traded fund’s stock worth $33,209,000 after buying an additional 291,646 shares during the period.

Vanguard Long-Term Corporate Bond ETF Price Performance

VCLT opened at $76.12 on Friday. The firm has a 50 day moving average of $75.89 and a two-hundred day moving average of $76.88. Vanguard Long-Term Corporate Bond ETF has a 12-month low of $72.86 and a 12-month high of $82.63.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a $0.3544 dividend. This represents a $4.25 annualized dividend and a yield of 5.59%. This is a positive change from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Tuesday, April 1st.

Vanguard Long-Term Corporate Bond ETF 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.