Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Shares Acquired by Marmo Financial Group LLC

Marmo Financial Group LLC grew its stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 100.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 128,197 shares of the exchange traded fund’s stock after purchasing an additional 64,271 shares during the period. Vanguard Long-Term Corporate Bond ETF comprises 5.3% of Marmo Financial Group LLC’s investment portfolio, making the stock its 7th biggest position. Marmo Financial Group LLC’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $9,731,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in Vanguard Long-Term Corporate Bond ETF by 33.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 569,098 shares of the exchange traded fund’s stock worth $42,557,000 after buying an additional 141,449 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Vanguard Long-Term Corporate Bond ETF by 37.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 29,147 shares of the exchange traded fund’s stock worth $2,180,000 after buying an additional 7,898 shares in the last quarter. Principal Securities Inc. increased its stake in 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 buying an additional 421 shares in the last quarter. NYL Investors LLC increased its stake in Vanguard Long-Term Corporate Bond ETF by 0.9% during the 4th quarter. NYL Investors LLC now owns 614,200 shares of the exchange traded fund’s stock worth $45,930,000 after buying an additional 5,600 shares in the last quarter. Finally, 4Thought Financial Group Inc. increased its stake in Vanguard Long-Term Corporate Bond ETF by 4.7% during the 4th quarter. 4Thought Financial Group Inc. now owns 47,560 shares of the exchange traded fund’s stock worth $3,557,000 after buying an additional 2,146 shares in the last quarter.

Vanguard Long-Term Corporate Bond ETF Trading Down 0.9%

NASDAQ:VCLT opened at $74.32 on Friday. Vanguard Long-Term Corporate Bond ETF has a 12 month low of $70.61 and a 12 month high of $82.63. The stock has a 50 day moving average of $73.50 and a two-hundred day moving average of $75.03.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.3697 per share. This is a positive change from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.36. This represents a $4.44 annualized dividend and a yield of 5.97%. The ex-dividend date was Monday, June 2nd.

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.