Focus Financial Network Inc. Reduces Stock Position in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

Focus Financial Network Inc. cut its stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 72.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,464 shares of the exchange traded fund’s stock after selling 19,428 shares during the period. Focus Financial Network Inc.’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $558,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. PSI Advisors LLC increased its holdings in Vanguard Long-Term Corporate Bond ETF by 71.4% in the third quarter. PSI Advisors LLC now owns 437 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 182 shares in the last quarter. GAMMA Investing LLC increased its holdings in Vanguard Long-Term Corporate Bond ETF by 8,116.7% in the third quarter. GAMMA Investing LLC now owns 493 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 487 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in Vanguard Long-Term Corporate Bond ETF by 507.1% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,196 shares of the exchange traded fund’s stock valued at $97,000 after buying an additional 999 shares in the last quarter. WestEnd Advisors LLC increased its holdings in Vanguard Long-Term Corporate Bond ETF by 27.6% in the third quarter. WestEnd Advisors LLC now owns 1,499 shares of the exchange traded fund’s stock valued at $122,000 after buying an additional 324 shares in the last quarter. Finally, Sunburst Financial Group LLC purchased a new position in Vanguard Long-Term Corporate Bond ETF in the third quarter valued at about $208,000.

Vanguard Long-Term Corporate Bond ETF Price Performance

Shares of VCLT opened at $75.51 on Friday. The firm has a 50 day simple moving average of $75.44 and a 200-day simple moving average of $77.83. Vanguard Long-Term Corporate Bond ETF has a 1-year low of $72.86 and a 1-year high of $82.63.

Vanguard Long-Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.3447 per share. The ex-dividend date was Monday, February 3rd.

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.