Raymond James Financial Inc. Invests $37.57 Million in Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT)

Raymond James Financial Inc. acquired a new stake in Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 678,729 shares of the company’s stock, valued at approximately $37,568,000. Raymond James Financial Inc. owned about 0.38% of Vanguard Long-Term Treasury Index ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in VGLT. Texas Yale Capital Corp. acquired a new position in shares of Vanguard Long-Term Treasury Index ETF in the 4th quarter valued at $231,000. Invesco Ltd. lifted its position in Vanguard Long-Term Treasury Index ETF by 14.3% in the fourth quarter. Invesco Ltd. now owns 4,390 shares of the company’s stock valued at $243,000 after buying an additional 549 shares during the last quarter. Bank of Montreal Can lifted its position in Vanguard Long-Term Treasury Index ETF by 7.2% in the fourth quarter. Bank of Montreal Can now owns 51,021 shares of the company’s stock valued at $2,824,000 after buying an additional 3,442 shares during the last quarter. Hurley Capital LLC purchased a new position in Vanguard Long-Term Treasury Index ETF during the fourth quarter worth about $38,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Vanguard Long-Term Treasury Index ETF by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,551,916 shares of the company’s stock valued at $85,899,000 after acquiring an additional 10,771 shares during the last quarter.

Vanguard Long-Term Treasury Index ETF Stock Up 0.3 %

Shares of NASDAQ VGLT opened at $55.75 on Wednesday. The stock has a fifty day simple moving average of $56.89 and a 200-day simple moving average of $57.10. Vanguard Long-Term Treasury Index ETF has a twelve month low of $53.80 and a twelve month high of $63.41.

Vanguard Long-Term Treasury Index ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were given a $0.2096 dividend. This represents a $2.52 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from Vanguard Long-Term Treasury Index ETF’s previous monthly dividend of $0.20.

About Vanguard Long-Term Treasury Index ETF

Vanguard Long Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with a long-term, dollar-weighted average maturity. It employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S.