Baer Investment Advisory LLC Invests $3.74 Million in Vanguard Long-Term Corporate Bond ETF $VCLT

Baer Investment Advisory LLC bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 50,075 shares of the exchange traded fund’s stock, valued at approximately $3,742,000.

Other hedge funds have also added to or reduced their stakes in the company. Friedenthal Financial raised its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 51.5% during the fourth quarter. Friedenthal Financial now owns 468 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 159 shares during the period. Jessup Wealth Management Inc acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter valued at about $36,000. Entrust Financial LLC bought a new stake in Vanguard Long-Term Corporate Bond ETF in the 4th quarter valued at about $40,000. Qube Research & Technologies Ltd bought a new stake in Vanguard Long-Term Corporate Bond ETF in the 3rd quarter valued at about $65,000. Finally, US Bancorp DE raised its stake in Vanguard Long-Term Corporate Bond ETF by 1,700.0% during the 3rd 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

NASDAQ VCLT opened at $74.81 on Friday. The company has a fifty day simple moving average of $74.88 and a 200 day simple moving average of $75.55. Vanguard Long-Term Corporate Bond ETF has a 12-month low of $72.92 and a 12-month high of $79.28.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 6th. Investors of record on Wednesday, July 1st will be given a dividend of $0.3422 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st.

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.