GeoWealth Management LLC Grows Holdings in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

GeoWealth Management LLC grew its stake in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 57,262.5% in the fourth quarter, Holdings Channel reports. The firm owned 4,589 shares of the exchange traded fund’s stock after acquiring an additional 4,581 shares during the period. GeoWealth Management LLC’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Prudential PLC boosted its position in Vanguard Long-Term Corporate Bond ETF by 9.5% in the 4th quarter. Prudential PLC now owns 83,858,679 shares of the exchange traded fund’s stock valued at $6,270,952,000 after buying an additional 7,307,685 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in Vanguard Long-Term Corporate Bond ETF during the 4th quarter worth $162,069,000. JPMorgan Chase & Co. raised its position in Vanguard Long-Term Corporate Bond ETF by 316.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,428,383 shares of the exchange traded fund’s stock valued at $106,814,000 after purchasing an additional 1,085,608 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter worth $49,200,000. Finally, Alliancebernstein L.P. bought a new position in shares of Vanguard Long-Term Corporate Bond ETF during the 4th quarter worth $40,664,000.

Vanguard Long-Term Corporate Bond ETF Stock Performance

VCLT stock opened at $72.25 on Tuesday. Vanguard Long-Term Corporate Bond ETF has a 1-year low of $70.61 and a 1-year high of $82.63. The business has a 50-day moving average price of $75.30 and a 200 day moving average price of $76.15.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were issued a dividend of $0.3544 per share. This represents a $4.25 annualized dividend and a yield of 5.89%. 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.