Raymond James Financial Inc. Takes Position in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

Raymond James Financial Inc. bought a new position in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 657,929 shares of the exchange traded fund’s stock, valued at approximately $49,200,000. Raymond James Financial Inc. owned 0.35% of Vanguard Long-Term Corporate Bond ETF at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Prudential PLC increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 9.5% during the fourth quarter. Prudential PLC now owns 83,858,679 shares of the exchange traded fund’s stock valued at $6,270,952,000 after purchasing an additional 7,307,685 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in Vanguard Long-Term Corporate Bond ETF during the 4th quarter valued at approximately $162,069,000. JPMorgan Chase & Co. raised its stake in Vanguard Long-Term Corporate Bond ETF by 316.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,428,383 shares of the exchange traded fund’s stock valued at $106,814,000 after buying an additional 1,085,608 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Vanguard Long-Term Corporate Bond ETF in the fourth quarter worth $40,664,000. Finally, Wells Fargo & Company MN grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 38.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,692,307 shares of the exchange traded fund’s stock worth $126,551,000 after acquiring an additional 466,240 shares during the last quarter.

Vanguard Long-Term Corporate Bond ETF Stock Up 0.7 %

VCLT opened at $72.92 on Tuesday. The stock has a 50-day moving average price of $75.50 and a 200-day moving average price of $76.41. Vanguard Long-Term Corporate Bond ETF has a 1 year low of $70.61 and a 1 year high of $82.63.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a $0.3544 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.31.

Vanguard Long-Term Corporate Bond ETF Company 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.