Tandem Financial LLC Buys New Position in Vanguard Long-Term Corporate Bond ETF $VCLT

Tandem Financial LLC acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,342 shares of the exchange traded fund’s stock, valued at approximately $648,000.

Several other large investors also recently bought and sold shares of the stock. Gallagher Fiduciary Advisors LLC raised its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 19,539.6% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 59,297,124 shares of the exchange traded fund’s stock worth $4,500,652,000 after buying an additional 58,995,198 shares during the last quarter. Country Trust Bank purchased a new position in Vanguard Long-Term Corporate Bond ETF in the 3rd quarter worth $150,058,000. Citigroup Inc. raised its stake in Vanguard Long-Term Corporate Bond ETF by 4,898.0% in the 2nd quarter. Citigroup Inc. now owns 1,356,114 shares of the exchange traded fund’s stock worth $102,929,000 after acquiring an additional 1,328,981 shares during the last quarter. Greenleaf Trust acquired a new stake in Vanguard Long-Term Corporate Bond ETF during the 3rd quarter worth about $18,384,000. Finally, Castleark Management LLC purchased a new stake in Vanguard Long-Term Corporate Bond ETF during the 2nd quarter valued at about $17,947,000.

Vanguard Long-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ:VCLT opened at $76.84 on Tuesday. Vanguard Long-Term Corporate Bond ETF has a 52-week low of $70.61 and a 52-week high of $79.28. The business has a 50-day moving average price of $76.49 and a 200-day moving average price of $76.65.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were issued a $0.3402 dividend. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 5.3%.

Vanguard Long-Term Corporate Bond ETF Company 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. 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.