MMA Asset Management LLC Buys 2,201 Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

MMA Asset Management LLC increased its stake in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,877 shares of the exchange traded fund’s stock after acquiring an additional 2,201 shares during the quarter. Vanguard Long-Term Corporate Bond ETF makes up 2.1% of MMA Asset Management LLC’s investment portfolio, making the stock its 12th largest position. MMA Asset Management LLC’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $4,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of VCLT. Pinney & Scofield Inc. bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter worth approximately $44,000. Beacon Capital Management LLC bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 1st quarter worth approximately $63,000. Banque Cantonale Vaudoise bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 1st quarter worth approximately $119,000. Creative Financial Designs Inc. ADV grew its position in shares of Vanguard Long-Term Corporate Bond ETF by 1,025.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,800 shares of the exchange traded fund’s stock worth $137,000 after buying an additional 1,640 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter worth approximately $153,000.

Vanguard Long-Term Corporate Bond ETF Stock Performance

VCLT opened at $75.75 on Wednesday. The business has a 50 day moving average of $74.39 and a 200-day moving average of $74.69. Vanguard Long-Term Corporate Bond ETF has a 52 week low of $70.61 and a 52 week high of $82.63.

Vanguard Long-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Tuesday, July 1st were paid a $0.3393 dividend. This represents a $4.07 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Tuesday, July 1st.

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.