Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) to Issue Dividend Increase – $0.35 Per Share

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) announced a monthly dividend on Tuesday, December 16th. Stockholders of record on Thursday, December 18th will be given a dividend of 0.3492 per share by the exchange traded fund on Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Thursday, December 18th. This is a 2.6% increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.34.

Vanguard Long-Term Corporate Bond ETF Stock Performance

VCLT stock remained flat at $76.10 during mid-day trading on Thursday. 4,352,511 shares of the company’s stock traded hands, compared to its average volume of 3,700,050. Vanguard Long-Term Corporate Bond ETF has a twelve month low of $70.61 and a twelve month high of $79.28. The firm’s 50 day moving average is $77.33 and its two-hundred day moving average is $76.32.

Hedge Funds Weigh In On Vanguard Long-Term Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Howe & Rusling Inc. increased its position in Vanguard Long-Term Corporate Bond ETF by 292.6% in the second quarter. Howe & Rusling Inc. now owns 369 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 275 shares during the last quarter. Anfield Capital Management LLC raised its position in shares of Vanguard Long-Term Corporate Bond ETF by 185.6% in the second quarter. Anfield Capital Management LLC now owns 397 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 258 shares during the period. AE Wealth Management LLC lifted its stake in shares of Vanguard Long-Term Corporate Bond ETF by 52.4% during the 3rd quarter. AE Wealth Management LLC now owns 486 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 167 shares in the last quarter. Root Financial Partners LLC bought a new position in Vanguard Long-Term Corporate Bond ETF in the 3rd quarter worth approximately $44,000. Finally, SVB Wealth LLC bought a new position in Vanguard Long-Term Corporate Bond ETF in the 1st quarter worth approximately $63,000.

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.