Mader & Shannon Wealth Management Inc. Sells 5,325 Shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

Mader & Shannon Wealth Management Inc. lowered its position in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 4.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 123,082 shares of the exchange traded fund’s stock after selling 5,325 shares during the quarter. Vanguard Long-Term Corporate Bond ETF makes up 5.8% of Mader & Shannon Wealth Management Inc.’s investment portfolio, making the stock its 6th biggest position. Mader & Shannon Wealth Management Inc.’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $9,998,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VCLT. PSI Advisors LLC increased its position in shares of Vanguard Long-Term Corporate Bond ETF by 71.4% in the 3rd quarter. PSI Advisors LLC now owns 437 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 182 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of Vanguard Long-Term Corporate Bond ETF by 73.5% in the 2nd quarter. Aptus Capital Advisors LLC now owns 484 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 205 shares during the last quarter. SouthState Corp bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter worth about $37,000. Semmax Financial Advisors Inc. bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 2nd quarter worth about $38,000. Finally, GAMMA Investing LLC increased its position in shares of Vanguard Long-Term Corporate Bond ETF by 8,116.7% in the 3rd quarter. GAMMA Investing LLC now owns 493 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 487 shares during the last quarter.

Vanguard Long-Term Corporate Bond ETF Price Performance

VCLT opened at $76.71 on Friday. The company has a 50-day moving average of $78.89 and a 200-day moving average of $78.10. Vanguard Long-Term Corporate Bond ETF has a 1-year low of $73.21 and a 1-year high of $82.63.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were given a dividend of $0.3375 per share. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous dividend of $0.33.

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.