Meadowbrook Advisors Group LLC Invests $2.64 Million in Vanguard Long-Term Corporate Bond ETF $VCLT

Meadowbrook Advisors Group LLC bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,808 shares of the exchange traded fund’s stock, valued at approximately $2,640,000. Vanguard Long-Term Corporate Bond ETF comprises 1.5% of Meadowbrook Advisors Group LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of VCLT. Friedenthal Financial increased its stake in Vanguard Long-Term Corporate Bond ETF by 51.5% in the 4th quarter. Friedenthal Financial now owns 468 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 159 shares in the last quarter. Jessup Wealth Management Inc acquired a new stake in Vanguard Long-Term Corporate Bond ETF during the 4th quarter worth about $36,000. Entrust Financial LLC purchased a new stake in Vanguard Long-Term Corporate Bond ETF during the fourth quarter valued at about $40,000. Qube Research & Technologies Ltd purchased a new stake in Vanguard Long-Term Corporate Bond ETF during the third quarter valued at about $65,000. Finally, US Bancorp DE boosted its holdings in shares of 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 buying an additional 799 shares during the period.

Vanguard Long-Term Corporate Bond ETF Price Performance

Vanguard Long-Term Corporate Bond ETF stock opened at $75.40 on Friday. The firm’s 50 day simple moving average is $74.92 and its 200-day simple moving average is $75.64. Vanguard Long-Term Corporate Bond ETF has a fifty-two week low of $72.92 and a fifty-two week high of $79.28.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were given a $0.3551 dividend. This is a boost from Vanguard Long-Term Corporate Bond ETF’s previous dividend of $0.33. The ex-dividend date was Monday, June 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. 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.