RFG Holdings Inc. Makes New Investment in Vanguard Long-Term Corporate Bond ETF $VCLT

RFG Holdings Inc. acquired a new stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 181,784 shares of the exchange traded fund’s stock, valued at approximately $13,583,000. Vanguard Long-Term Corporate Bond ETF comprises 3.4% of RFG Holdings Inc.’s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds have also recently modified their holdings of VCLT. State of Tennessee Department of Treasury raised its stake in shares of Vanguard Long-Term Corporate Bond ETF by 8.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 3,112,025 shares of the exchange traded fund’s stock valued at $237,167,000 after acquiring an additional 235,758 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Vanguard Long-Term Corporate Bond ETF by 14.2% in the third 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 last quarter. Allianz SE bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the fourth quarter worth about $183,255,000. Wells Fargo & Company MN increased its holdings in Vanguard Long-Term Corporate Bond ETF by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,719,661 shares of the exchange traded fund’s stock valued at $130,436,000 after purchasing an additional 57,497 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Vanguard Long-Term Corporate Bond ETF by 4.2% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 1,265,890 shares of the exchange traded fund’s stock valued at $96,018,000 after purchasing an additional 51,600 shares during the period.

Vanguard Long-Term Corporate Bond ETF Price Performance

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

Vanguard Long-Term Corporate Bond ETF Increases Dividend

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