First Citizens Bank & Trust Co. Boosts Stake in Vanguard Long-Term Treasury ETF

In a notable expansion of its investment portfolio, First Citizens Bank & Trust Co. has significantly increased its shares in the Vanguard Long-Term Treasury Index ETF (NASDAQ: VGLT). The recent filing with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the bank raised its holdings by a substantial 82.1%. This move resulted in First Citizens Bank & Trust Co. possessing a total of 211,734 shares in the ETF after acquiring an additional 95,448 shares within the period.

Market Movements and Dividend Increase

The Vanguard Long-Term Treasury Index ETF experienced minor fluctuations in the stock market, with a slight drop of $0.01 on a recent trading day, closing at $60.35. While the ETF has seen a year's low at $51.90 and a high at $67.25, it currently maintains a fifty-day moving average of $58.87 and a two-hundred-day average of $58.49. Enhancing shareholder value, the ETF announced an increased monthly dividend. Now at $0.19 per share, it went up from the previous $0.18, marking an annualized yield of 3.78%.

Other Institutional Investors' Activities

The filing disclosed that other institutional investors have also adjusted their stakes in VGLT. These adjustments included both minor increases and added equity totaling several hundred shares by various financial entities, contributing to the overall investment landscape of the ETF.

The ETF Profile

Vanguard Long Term Government Bond ETF aims to mirror the performance of a market-weighted government bond index with a long-term focus. By employing a passive management approach, the ETF aspires to align with the performance of the Barclays Capital U.S. Government Float Adjusted Bond Index.

Banking, Investment, Securities