Tortoise Investment Management LLC Raises Stock Position in Vanguard Long-Term Treasury ETF $VGLT

Tortoise Investment Management LLC boosted its position in shares of Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) by 3.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 469,966 shares of the company’s stock after acquiring an additional 17,053 shares during the quarter. Vanguard Long-Term Treasury ETF makes up about 2.8% of Tortoise Investment Management LLC’s portfolio, making the stock its 5th biggest position. Tortoise Investment Management LLC’s holdings in Vanguard Long-Term Treasury ETF were worth $27,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. bought a new position in Vanguard Long-Term Treasury ETF during the 4th quarter valued at about $43,000. EQ Wealth Advisors LLC bought a new position in Vanguard Long-Term Treasury ETF during the 1st quarter valued at about $71,000. Parallel Advisors LLC bought a new position in Vanguard Long-Term Treasury ETF during the 1st quarter valued at about $74,000. Financial Gravity Asset Management Inc. bought a new position in Vanguard Long-Term Treasury ETF during the 1st quarter valued at about $95,000. Finally, Creative Financial Designs Inc. ADV bought a new position in Vanguard Long-Term Treasury ETF during the 1st quarter valued at about $115,000.

Vanguard Long-Term Treasury ETF Trading Down 0.1%

Shares of NASDAQ:VGLT opened at $55.36 on Thursday. Vanguard Long-Term Treasury ETF has a 12 month low of $53.17 and a 12 month high of $63.41. The firm’s 50-day moving average is $55.31 and its 200 day moving average is $55.78.

Vanguard Long-Term Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Friday, August 1st were paid a $0.2094 dividend. The ex-dividend date was Friday, August 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%. This is an increase from Vanguard Long-Term Treasury ETF’s previous monthly dividend of $0.20.

Vanguard Long-Term Treasury ETF Profile

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.