Concourse Financial Group Securities Inc. Increases Investment in Vanguard Long-Term Treasury Index ETF

On October 18, 2024, it was reported that Concourse Financial Group Securities Inc. has increased its investment in the Vanguard Long-Term Treasury Index ETF (NASDAQ: VGLT) by 10.6% in the third quarter. According to the firm’s latest Form 13F filing with the SEC, Concourse owned 4,728 shares after acquiring an additional 454 shares during this period. The total value of their shares in the Vanguard Long-Term Treasury Index ETF is estimated at $291,000.

Several other institutional investors and hedge funds have also adjusted their positions in Vanguard Long-Term Treasury Index ETF. For instance, JPMorgan Chase & Co. significantly raised its stake by 221.6% in the first quarter, acquiring 28,998,773 additional shares. Their total holdings now stand at 42,085,362 shares, valued at around $2,493,137,000.

Moreover, Nepc LLC increased its position by 185.0% in the same quarter, owning 4,029,312 shares worth approximately $238,696,000. Wealth Enhancement Advisory Services LLC has also boosted its stake by 66.0%, raising its shareholdings to 5,563,726 with a total value of about $329,595,000 after acquiring 2,212,982 shares.

Ameriprise Financial Inc. saw a 9.5% increase in its holdings during the second quarter, now owning 11,922,162 shares valued at $682,476,000 after acquiring an additional 1,033,360 shares. Additionally, Mirae Asset Global Investments Co. Ltd. increased their stake by 149.0% in the first quarter, now holding 859,294 shares valued at $50,905,000.

Recent Performance of Vanguard Long-Term Treasury Index ETF

The Vanguard Long-Term Treasury Index ETF recently opened at a price of $59.02. Over the past year, the ETF has experienced a low of $51.90 and a high of $63.41. Current moving averages indicate a 50-day average price of $61.20 and a 200-day average price of $58.92.

Dividend Increase Announcement

In addition to the increase in stakes by investors, Vanguard Long-Term Treasury Index ETF recently increased its dividend. The dividend, which was paid on September 5, 2024, amounted to $0.2041 per share, up from a previous amount of $0.20 per share. Shareholders who held shares on September 3, 2024, received this dividend. The ex-dividend date was also set on September 3, 2024.

About Vanguard Long-Term Treasury Index ETF

The Vanguard Long-Term Treasury Index ETF aims to follow the performance of a government bond index focused on long-term investments, using a passive management or indexing approach. The fund tracks the performance of the Barclays Capital U.S. Long Government Bond Index, which includes investment-grade bonds issued by the U.S. government.

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