Echo Wealth Management LLC Increases Stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

Echo Wealth Management LLC lifted its stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 7.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,875 shares of the exchange traded fund’s stock after buying an additional 2,555 shares during the quarter. Vanguard Long-Term Corporate Bond ETF makes up about 2.0% of Echo Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Echo Wealth Management LLC’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $2,926,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential PLC boosted its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 139.6% during the 2nd quarter. Prudential PLC now owns 35,808,945 shares of the exchange traded fund’s stock valued at $2,716,467,000 after purchasing an additional 20,861,365 shares during the last quarter. Alerus Financial NA grew its holdings in Vanguard Long-Term Corporate Bond ETF by 5,772.8% during the 1st quarter. Alerus Financial NA now owns 387,429 shares of the exchange traded fund’s stock valued at $30,309,000 after buying an additional 380,832 shares in the last quarter. Vanguard Group Inc. increased its stake in Vanguard Long-Term Corporate Bond ETF by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 4,175,772 shares of the exchange traded fund’s stock worth $326,671,000 after acquiring an additional 302,950 shares during the last quarter. Angeles Investment Advisors LLC increased its stake in Vanguard Long-Term Corporate Bond ETF by 37.9% in the 2nd quarter. Angeles Investment Advisors LLC now owns 1,012,000 shares of the exchange traded fund’s stock worth $76,770,000 after acquiring an additional 278,000 shares during the last quarter. Finally, Ocean Park Asset Management LLC bought a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter valued at about $15,483,000.

Vanguard Long-Term Corporate Bond ETF Trading Down 0.3 %

Shares of Vanguard Long-Term Corporate Bond ETF stock opened at $78.95 on Monday. Vanguard Long-Term Corporate Bond ETF has a one year low of $67.47 and a one year high of $82.63. The stock has a 50 day moving average price of $80.37 and a 200-day moving average price of $77.73.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.3255 per share. The ex-dividend date was Tuesday, September 3rd. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous dividend of $0.32.

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.