Raymond James Financial Inc. Takes Position in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

Raymond James Financial Inc. acquired a new position in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 657,929 shares of the exchange traded fund’s stock, valued at approximately $49,200,000.

A number of other hedge funds have also bought and sold shares of the business. PSI Advisors LLC boosted its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 37.1% during the 4th quarter. PSI Advisors LLC now owns 599 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 162 shares during the last quarter. United Community Bank boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 444.4% in the fourth quarter. United Community Bank now owns 637 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 520 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in Vanguard Long-Term Corporate Bond ETF in the 4th quarter worth approximately $52,000. Principal Securities Inc. raised its stake in Vanguard Long-Term Corporate Bond ETF by 28.2% during the 4th quarter. Principal Securities Inc. now owns 1,913 shares of the exchange traded fund’s stock valued at $143,000 after buying an additional 421 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Vanguard Long-Term Corporate Bond ETF during the 4th quarter valued at $172,000.

Vanguard Long-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCLT opened at $72.92 on Tuesday. The stock’s 50-day simple moving average is $75.50 and its two-hundred day simple moving average is $76.41. Vanguard Long-Term Corporate Bond ETF has a 52-week low of $70.61 and a 52-week high of $82.63.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a dividend of $0.3544 per share. The ex-dividend date was Tuesday, April 1st. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.31. This represents a $4.25 annualized dividend and a yield of 5.83%.

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.