Meridian Management Co. Buys 35,444 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Meridian Management Co. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 378,354 shares of the company’s stock after purchasing an additional 35,444 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 7.8% of Meridian Management Co.’s portfolio, making the stock its 3rd largest position. Meridian Management Co. owned approximately 0.05% of Vanguard Intermediate-Term Corporate Bond ETF worth $31,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VCIT. DecisionPoint Financial LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock valued at $45,195,000 after acquiring an additional 15,021 shares during the period. Coyle Financial Counsel LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 17.1% in the 3rd quarter. Coyle Financial Counsel LLC now owns 173,219 shares of the company’s stock valued at $14,569,000 after acquiring an additional 25,336 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at approximately $715,000. Atria Investments Inc increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 9.4% in the 3rd quarter. Atria Investments Inc now owns 159,010 shares of the company’s stock valued at $13,374,000 after acquiring an additional 13,632 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 7.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 234,801 shares of the company’s stock valued at $19,749,000 after acquiring an additional 17,222 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT opened at $82.45 on Tuesday. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $81.00 and a 12 month high of $84.84. The stock’s 50 day moving average price is $82.68 and its 200 day moving average price is $83.47.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st will be given a dividend of $0.3412 per share. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date is Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 5.0%.

About Vanguard Intermediate-Term Corporate Bond ETF

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. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.