Purpose Unlimited Inc. Acquires New Shares in Vanguard Long-Term Corporate Bond ETF $VCLT

Purpose Unlimited Inc. bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 64,730 shares of the exchange traded fund’s stock, valued at approximately $4,910,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Friedenthal Financial raised its stake in shares of Vanguard Long-Term Corporate Bond ETF by 51.5% in the fourth quarter. Friedenthal Financial now owns 468 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 159 shares during the last quarter. Jessup Wealth Management Inc bought a new position in shares of Vanguard Long-Term Corporate Bond ETF during the fourth quarter valued at $36,000. Entrust Financial LLC purchased a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the fourth quarter valued at $40,000. Qube Research & Technologies Ltd purchased a new stake in shares of Vanguard Long-Term Corporate Bond ETF during the third quarter valued at $65,000. Finally, US Bancorp DE increased its holdings in Vanguard Long-Term Corporate Bond ETF by 1,700.0% in the 3rd quarter. US Bancorp DE now owns 846 shares of the exchange traded fund’s stock worth $66,000 after buying an additional 799 shares in the last quarter.

Vanguard Long-Term Corporate Bond ETF Stock Performance

NASDAQ VCLT opened at $75.40 on Friday. Vanguard Long-Term Corporate Bond ETF has a one year low of $72.92 and a one year high of $79.28. The stock has a 50-day moving average of $74.92 and a 200 day moving average of $75.64.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were issued a dividend of $0.3551 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from Vanguard Long-Term Corporate Bond ETF’s previous dividend of $0.33.

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. 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.