Ocean Park Asset Management LLC Purchases Shares of 519,400 Vanguard Long-Term Corporate Bond ETF $VCLT

Ocean Park Asset Management LLC purchased a new stake in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 519,400 shares of the exchange traded fund’s stock, valued at approximately $39,085,000. Vanguard Long-Term Corporate Bond ETF comprises about 1.9% of Ocean Park Asset Management LLC’s portfolio, making the stock its 12th largest position. Ocean Park Asset Management LLC owned about 0.42% of Vanguard Long-Term Corporate Bond ETF as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VCLT. Sax Wealth Advisors LLC increased its position in Vanguard Long-Term Corporate Bond ETF by 30.7% during the 2nd quarter. Sax Wealth Advisors LLC now owns 15,603 shares of the exchange traded fund’s stock valued at $1,166,000 after purchasing an additional 3,662 shares during the period. Mechanics Bank Trust Department lifted its position in shares of Vanguard Long-Term Corporate Bond ETF by 16.8% in the 2nd quarter. Mechanics Bank Trust Department now owns 75,544 shares of the exchange traded fund’s stock worth $5,685,000 after purchasing an additional 10,886 shares during the period. GK Wealth Management LLC acquired a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter worth approximately $517,000. CoreCap Advisors LLC boosted its stake in shares of Vanguard Long-Term Corporate Bond ETF by 1.9% in the 2nd quarter. CoreCap Advisors LLC now owns 8,751 shares of the exchange traded fund’s stock valued at $659,000 after purchasing an additional 165 shares during the last quarter. Finally, Stonebridge Financial Group LLC boosted its stake in shares of Vanguard Long-Term Corporate Bond ETF by 5.6% in the 2nd quarter. Stonebridge Financial Group LLC now owns 7,701 shares of the exchange traded fund’s stock valued at $580,000 after purchasing an additional 406 shares during the last quarter.

Vanguard Long-Term Corporate Bond ETF Trading Up 0.1%

VCLT opened at $71.78 on Wednesday. Vanguard Long-Term Corporate Bond ETF has a twelve month low of $71.71 and a twelve month high of $79.28. The company has a fifty day moving average of $73.88 and a 200-day moving average of $74.89.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were given a dividend of $0.3502 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Monday, August 3rd.

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.