Saba Capital Management L.P. Invests $7.47 Million in Vanguard Long-Term Corporate Bond ETF $VCLT

Saba Capital Management L.P. purchased a new stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100,000 shares of the exchange traded fund’s stock, valued at approximately $7,472,000. Saba Capital Management L.P. owned about 0.10% of Vanguard Long-Term Corporate Bond ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VCLT. Friedenthal Financial raised its stake in shares of Vanguard Long-Term Corporate Bond ETF by 51.5% in the fourth quarter. Friedenthal Financial now owns 468 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 159 shares during the last quarter. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the fourth quarter valued at approximately $36,000. Entrust Financial LLC bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the fourth quarter valued at approximately $40,000. Qube Research & Technologies Ltd acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 3rd quarter valued at $65,000. Finally, US Bancorp DE increased its position in Vanguard Long-Term Corporate Bond ETF by 1,700.0% in the third quarter. US Bancorp DE now owns 846 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 799 shares during the period.

Vanguard Long-Term Corporate Bond ETF Stock Performance

NASDAQ:VCLT opened at $72.48 on Tuesday. The stock’s fifty day simple moving average is $74.41 and its 200-day simple moving average is $75.22. Vanguard Long-Term Corporate Bond ETF has a 12-month low of $72.08 and a 12-month high of $79.28.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.3422 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

About Vanguard Long-Term Corporate Bond ETF

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. 10+ Year Corporate Index (the Index). This index includes the United States dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility and financial companies, with maturities greater than 10 years.