Vanguard Long-Term Corporate Bond ETF $VCLT Shares Sold by Assetmark Inc.

Assetmark Inc. lowered its stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 44.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,013 shares of the exchange traded fund’s stock after selling 26,107 shares during the period. Assetmark Inc.’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $2,563,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VCLT. Gallagher Fiduciary Advisors LLC raised its holdings in Vanguard Long-Term Corporate Bond ETF by 19,539.6% during the 2nd 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 period. Country Trust Bank acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the third quarter valued at approximately $150,058,000. Citigroup Inc. lifted its position in shares of 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 valued at $102,929,000 after acquiring an additional 1,328,981 shares in the last quarter. Greenleaf Trust purchased a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 3rd quarter valued at approximately $18,384,000. Finally, Castleark Management LLC acquired a new position in Vanguard Long-Term Corporate Bond ETF in the 2nd quarter worth approximately $17,947,000.

Vanguard Long-Term Corporate Bond ETF Price Performance

NASDAQ:VCLT opened at $77.32 on Thursday. The business’s fifty day moving average price is $76.36 and its 200 day moving average price is $76.84. Vanguard Long-Term Corporate Bond ETF has a 1-year low of $70.61 and a 1-year high of $79.28.

Vanguard Long-Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.3456 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date was Monday, February 2nd.

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.