Topsail Wealth Management LLC Purchases New Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Topsail Wealth Management LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 117,287 shares of the company’s stock, valued at approximately $9,415,000. Vanguard Intermediate-Term Corporate Bond ETF makes up 2.0% of Topsail Wealth Management LLC’s portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of VCIT. Truvestments Capital LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 145.6% in the fourth quarter. Truvestments Capital LLC now owns 334 shares of the company’s stock worth $27,000 after purchasing an additional 198 shares during the period. Tortoise Investment Management LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth about $28,000. Midwest Capital Advisors LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at about $33,000. Transce3nd LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $35,000. Finally, Nvwm LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 42.6% during the fourth quarter. Nvwm LLC now owns 499 shares of the company’s stock worth $40,000 after acquiring an additional 149 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ VCIT opened at $81.14 on Friday. The firm’s 50-day moving average price is $81.12 and its two-hundred day moving average price is $81.10. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.86 and a 52-week high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were issued a $0.3189 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.83 annualized dividend and a dividend yield of 4.72%.

Vanguard Intermediate-Term Corporate Bond ETF Company Profile

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S.