Creative Planning Increases Holdings in Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT)

Creative Planning has significantly increased its investment in the Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) by 41.2% during the third quarter of this year. This information comes from the institutional investor's latest 13F filing with the Securities and Exchange Commission.

As a result of this purchase, Creative Planning now owns a total of 11,907 shares of the ETF after acquiring an additional 3,472 shares in the most recent quarter. The current value of Creative Planning's holdings in the Vanguard Long-Term Treasury Index ETF stands at approximately $733,000, according to the latest disclosures made to the Securities and Exchange Commission.

Other institutions and hedge funds have also recently adjusted their positions in VGLT. For example, PNC Financial Services Group Inc. entered the market by purchasing a new position in the ETF in the fourth quarter, valued at around $42,000. Additionally, during the first quarter, Concourse Financial Group Securities Inc. increased its stake by 50%, now owning 4,311 shares valued at $255,000, thanks to the acquisition of an additional 1,437 shares.

Other significant movements include Central Pacific Bank Trust Division buying a new stake valued at approximately $38,000, and United Community Bank increasing its stake by 34.4%, holding 4,881 shares worth $289,000 after adding 1,249 shares. Furthermore, Commerce Bank increased its holding by 1.3%, now owning 176,363 shares valued at about $10,448,000 after purchasing an additional 2,215 shares.

Current Status of Vanguard Long-Term Treasury Index ETF

On Monday, the Vanguard Long-Term Treasury Index ETF opened trading at $57.16. The ETF has demonstrated some volatility, having recorded a 12-month low of $54.13 and reaching a high of $63.41 within the same period. Currently, its 50-day moving average stands at $60.53, while the 200-day moving average is at $59.02.

Dividend Increase Announcement

The Vanguard Long-Term Treasury Index ETF recently announced a dividend which is scheduled to be paid on November 5th. Shareholders who were on record as of November 1st will receive a dividend of $0.2123 per share. This is an increase from the previous dividend of $0.20, indicating a positive trend for investors.

About Vanguard Long-Term Treasury Index ETF

The Vanguard Long-Term Treasury Index ETF aims to mirror the performance of a market-weighted government bond index that has a long-term, dollar-weighted average maturity. This ETF utilizes a passive management or indexing investment approach aimed at tracking the performance of the Barclays Capital U.S. government bond index.

Creative, Investments, Hedge