Mechanics Bank Trust Department Raises Stock Position in Vanguard Long-Term Corporate Bond ETF $VCLT

Mechanics Bank Trust Department grew its stake in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,544 shares of the exchange traded fund’s stock after acquiring an additional 10,886 shares during the period. Mechanics Bank Trust Department’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $5,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VCLT. GK Wealth Management LLC purchased a new position in Vanguard Long-Term Corporate Bond ETF in the 2nd quarter valued at approximately $517,000. CoreCap Advisors LLC boosted its position in Vanguard Long-Term Corporate Bond ETF by 1.9% during the second quarter. CoreCap Advisors LLC now owns 8,751 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 165 shares in the last quarter. Stonebridge Financial Group LLC boosted its position in Vanguard Long-Term Corporate Bond ETF by 5.6% during the second quarter. Stonebridge Financial Group LLC now owns 7,701 shares of the exchange traded fund’s stock worth $580,000 after purchasing an additional 406 shares in the last quarter. Private Client Services LLC acquired a new stake in Vanguard Long-Term Corporate Bond ETF in the second quarter valued at $320,000. Finally, Optiver Holding B.V. acquired a new stake in Vanguard Long-Term Corporate Bond ETF in the first quarter valued at $130,000.

Vanguard Long-Term Corporate Bond ETF Stock Performance

Shares of VCLT stock opened at $72.60 on Thursday. Vanguard Long-Term Corporate Bond ETF has a fifty-two week low of $71.74 and a fifty-two week high of $79.28. The business has a fifty day simple moving average of $74.14 and a 200-day simple moving average of $75.01.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were paid a $0.3502 dividend. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.34.

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.