Assetmark Inc. Trims Holdings in Vanguard Long-Term Corporate Bond ETF $VCLT

Assetmark Inc. lessened its stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 44.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,013 shares of the exchange traded fund’s stock after selling 26,107 shares during the period. Assetmark Inc.’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $2,563,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. CWM LLC increased its position in shares of Vanguard Long-Term Corporate Bond ETF by 1,115.2% in the 2nd quarter. CWM LLC now owns 960 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 881 shares during the last quarter. Stephens Inc. AR acquired a new position in Vanguard Long-Term Corporate Bond ETF in the second quarter worth about $200,000. Brookstone Capital Management increased its holdings in Vanguard Long-Term Corporate Bond ETF by 7.4% in the second quarter. Brookstone Capital Management now owns 3,708 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 256 shares during the last quarter. Ranch Capital Advisors Inc. increased its holdings in Vanguard Long-Term Corporate Bond ETF by 9.0% in the second quarter. Ranch Capital Advisors Inc. now owns 23,844 shares of the exchange traded fund’s stock valued at $1,810,000 after buying an additional 1,965 shares during the last quarter. Finally, Topsail Wealth Management LLC raised its stake in Vanguard Long-Term Corporate Bond ETF by 1.5% during the second quarter. Topsail Wealth Management LLC now owns 23,786 shares of the exchange traded fund’s stock valued at $1,805,000 after buying an additional 342 shares in the last quarter.

Vanguard Long-Term Corporate Bond ETF Trading Down 0.2%

Shares of VCLT opened at $77.32 on Thursday. Vanguard Long-Term Corporate Bond ETF has a 52 week low of $70.61 and a 52 week high of $79.28. The stock has a 50 day moving average of $76.36 and a 200-day moving average of $76.84.

Vanguard Long-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.3456 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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. 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.