Big Moves in the Bond Market: What's Happening with VCLT?
Truist's Big Move
In the dynamic world of investments, Truist Financial Corp has made a significant move. They recently sold 111,585 shares of the Vanguard Long-Term Corporate Bond ETF (VCLT), reducing their stake to approximately 0.14%, valued at around $14.1 million.
Other Major Players
Truist isn't alone in its actions. Other prominent investors are also adjusting their positions in VCLT:
- Beacon Capital Management and SVB Wealth acquired new shares in the first part of the year.
- Farther Finance Advisors dramatically increased their holdings by 618.1%, showcasing strong confidence in VCLT.
Market Performance
VCLT's price opened at $77.77 on a recent Friday. Over the past year, it has fluctuated between a low of $70.61 and a high of $80.22. The average prices over 50 and 200 days are $76.59 and $75.04, respectively.
Dividend Details
VCLT offers dividends, recently paying out $0.3292 per share. This translates to an attractive annual yield of 5.1%, providing investors with a steady income stream.
About VCLT
The Vanguard Long-Term Corporate Bond ETF is an exchange-traded fund that tracks a broad index of corporate bonds with long-term maturities. It aims to replicate the performance of this index using a passive management approach.
Investment Insights
Keeping an eye on the moves of major investors can offer valuable insights into market trends. However, it's crucial to conduct thorough research and make informed decisions tailored to your investment goals.