King Luther Capital Management Corp Increases Stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT)

King Luther Capital Management Corp raised its holdings in shares of Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 158.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 48,718 shares of the exchange traded fund’s stock after acquiring an additional 29,868 shares during the period. King Luther Capital Management Corp’s holdings in Vanguard Long-Term Corporate Bond ETF were worth $3,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management increased its holdings in Vanguard Long-Term Corporate Bond ETF by 39.2% during the fourth quarter. Brookstone Capital Management now owns 6,865 shares of the exchange traded fund’s stock valued at $513,000 after buying an additional 1,933 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 28.2% in the fourth quarter. Principal Securities Inc. now owns 1,913 shares of the exchange traded fund’s stock worth $143,000 after purchasing an additional 421 shares in the last quarter. Mutual Advisors LLC increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 9.2% in the fourth quarter. Mutual Advisors LLC now owns 3,348 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 282 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 115.8% in the third quarter. HighTower Advisors LLC now owns 70,354 shares of the exchange traded fund’s stock worth $5,716,000 after purchasing an additional 37,751 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 28.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,908 shares of the exchange traded fund’s stock worth $292,000 after purchasing an additional 870 shares in the last quarter.

Vanguard Long-Term Corporate Bond ETF Price Performance

Shares of NASDAQ VCLT opened at $75.24 on Thursday. The firm has a fifty day moving average price of $75.36 and a 200-day moving average price of $77.46. Vanguard Long-Term Corporate Bond ETF has a 1 year low of $72.86 and a 1 year high of $82.63.

Vanguard Long-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.3032 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.