Raymond James Financial Inc. Invests $37.57 Million in Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT)

Raymond James Financial Inc. purchased a new position in Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 678,729 shares of the company’s stock, valued at approximately $37,568,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of Vanguard Long-Term Treasury Index ETF during the 4th quarter worth $29,000. Blair William & Co. IL raised its stake in Vanguard Long-Term Treasury Index ETF by 81.8% in the fourth quarter. Blair William & Co. IL now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 260 shares in the last quarter. Hurley Capital LLC purchased a new stake in Vanguard Long-Term Treasury Index ETF during the 4th quarter worth about $38,000. First Community Trust NA acquired a new position in shares of Vanguard Long-Term Treasury Index ETF during the 4th quarter worth about $43,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Vanguard Long-Term Treasury Index ETF by 50.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 943 shares of the company’s stock valued at $52,000 after acquiring an additional 318 shares during the last quarter.

Vanguard Long-Term Treasury Index ETF Price Performance

Shares of NASDAQ VGLT opened at $55.75 on Wednesday. The stock’s 50-day simple moving average is $56.89 and its 200-day simple moving average is $57.10. Vanguard Long-Term Treasury Index ETF has a fifty-two week low of $53.80 and a fifty-two week high of $63.41.

Vanguard Long-Term Treasury Index ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were given a dividend of $0.2096 per share. This represents a $2.52 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from Vanguard Long-Term Treasury Index ETF’s previous monthly dividend of $0.20.

About Vanguard Long-Term Treasury Index ETF

Vanguard Long Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with a long-term, dollar-weighted average maturity. It employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S.