Vanguard Long-Term Corporate Bond ETF $VCLT Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 296.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 681,612 shares of the exchange traded fund’s stock after purchasing an additional 509,611 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $50,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in VCLT. Allianz SE purchased a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the 4th quarter worth about $183,255,000. Millennium Management LLC purchased a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 3rd quarter valued at about $94,119,000. Jefferies Financial Group Inc. purchased a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter valued at about $41,145,000. JPMorgan Chase & Co. raised its holdings in Vanguard Long-Term Corporate Bond ETF by 182.2% in the 4th quarter. JPMorgan Chase & Co. now owns 632,193 shares of the exchange traded fund’s stock worth $47,952,000 after purchasing an additional 408,177 shares during the period. Finally, Bank of America Corp DE raised its holdings in Vanguard Long-Term Corporate Bond ETF by 14.2% in the 3rd quarter. Bank of America Corp DE now owns 2,728,943 shares of the exchange traded fund’s stock worth $211,902,000 after purchasing an additional 339,785 shares during the period.

Vanguard Long-Term Corporate Bond ETF Trading Down 0.5%

Shares of VCLT stock opened at $72.26 on Friday. Vanguard Long-Term Corporate Bond ETF has a 12-month low of $72.08 and a 12-month high of $79.28. The business’s 50 day moving average is $74.47 and its two-hundred day moving average is $75.27.

Vanguard Long-Term Corporate Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.3422 per share. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

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. 10+ Year Corporate Index (the Index). This index includes the United States dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility and financial companies, with maturities greater than 10 years.