Scotia Capital Inc. Invests $3.10 Million in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

Scotia Capital Inc. acquired a new stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,386 shares of the exchange traded fund’s stock, valued at approximately $3,095,000.

A number of other large investors also recently made changes to their positions in VCLT. PSI Advisors LLC raised its holdings in Vanguard Long-Term Corporate Bond ETF by 37.1% in the fourth quarter. PSI Advisors LLC now owns 599 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 162 shares during the period. United Community Bank boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 444.4% during the fourth quarter. United Community Bank now owns 637 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 520 shares during the last quarter. Mainstream Capital Management LLC bought a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter valued at about $52,000. Principal Securities Inc. increased its position in shares of Vanguard Long-Term Corporate Bond ETF by 28.2% during the 4th quarter. Principal Securities Inc. now owns 1,913 shares of the exchange traded fund’s stock worth $143,000 after purchasing an additional 421 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Vanguard Long-Term Corporate Bond ETF during the fourth quarter worth $172,000.

Vanguard Long-Term Corporate Bond ETF Stock Up 0.4 %

VCLT opened at $72.44 on Friday. The business has a 50 day moving average of $75.57 and a 200-day moving average of $76.51. Vanguard Long-Term Corporate Bond ETF has a 12-month low of $70.61 and a 12-month high of $82.63.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were given a dividend of $0.3544 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.87%. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Tuesday, April 1st.

About Vanguard Long-Term Corporate Bond ETF

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.