Davidson Capital Management Inc. Buys 54,315 Shares of Vanguard Long-Term Corporate Bond ETF $VCLT

Davidson Capital Management Inc. grew its stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 422,785 shares of the exchange traded fund’s stock after buying an additional 54,315 shares during the quarter. Vanguard Long-Term Corporate Bond ETF accounts for about 6.9% of Davidson Capital Management Inc.’s portfolio, making the stock its 5th largest holding. Davidson Capital Management Inc. owned about 0.42% of Vanguard Long-Term Corporate Bond ETF worth $32,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. State of Tennessee Department of Treasury raised its position in Vanguard Long-Term Corporate Bond ETF by 3.9% during the second quarter. State of Tennessee Department of Treasury now owns 2,827,927 shares of the exchange traded fund’s stock valued at $214,640,000 after acquiring an additional 107,304 shares in the last quarter. Bank of America Corp DE boosted its position in Vanguard Long-Term Corporate Bond ETF by 14.2% in the 3rd quarter. Bank of America Corp DE now owns 2,728,943 shares of the exchange traded fund’s stock worth $211,902,000 after purchasing an additional 339,785 shares in the last quarter. Country Trust Bank acquired a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the 3rd quarter worth approximately $150,058,000. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 342.9% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,214,290 shares of the exchange traded fund’s stock worth $94,290,000 after purchasing an additional 940,100 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Vanguard Long-Term Corporate Bond ETF during the 3rd quarter valued at approximately $94,119,000.

Vanguard Long-Term Corporate Bond ETF Trading Up 0.3%

VCLT opened at $75.60 on Thursday. The firm has a fifty day moving average price of $75.60 and a 200 day moving average price of $76.43. Vanguard Long-Term Corporate Bond ETF has a 1 year low of $71.52 and a 1 year high of $79.28.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were issued a $0.3561 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This is a positive change from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a yield of 5.7%.

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.