Ocean Park Asset Management sold 342,600 shares of VCLT in the fourth quarter, previously valued at $26.60 million. They fully exited VCLT, holding no shares at quarter-end. Top holdings post-sale include USHY, HYG, JNK, SPYM, and BND. VCLT shares were priced at $76.86 with a 7% one-year return.

Ocean Park Asset Management disclosed a complete exit from VCLT, selling 342,600 shares valued at $26.60 million. The fund reported no remaining VCLT shares by quarter-end. Top holdings post-sale include USHY, HYG, JNK, SPYM, and BND. VCLT shares were priced at $76.86 with a 7% one-year return.

VCLT’s AUM stands at $8.36 billion, with a 5.5% yield. The price at market close was $76.86, with a one-year return of 7%. The fund seeks to track the Bloomberg U.S. 10+ Year Corporate Bond Index, focusing on investment-grade, long-term corporate bonds.

Ocean Park Asset Management’s exit from VCLT includes the sale of 342,600 shares worth $26.60 million. This move aligns with a broader reduction in rate-sensitive bond exposure. VCLT offers low expense ratios and a competitive SEC yield. Top holdings lean towards diversified high-yield and core bond exposure.

Ocean Park Asset Management sold 342,600 shares of VCLT in the fourth quarter, previously valued at $26.60 million. They fully exited VCLT, holding no shares at quarter-end. Top holdings post-sale include USHY, HYG, JNK, SPYM, and BND. VCLT shares were priced at $76.86 with a 7% one-year return.

Read more at Yahoo Finance: What a $26.6 Million Exit From a Long-Term Corporate Bond ETF Means for Investors