Weik Capital Management Boosts Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Weik Capital Management grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 19.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,974 shares of the company’s stock after buying an additional 8,472 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF accounts for approximately 1.6% of Weik Capital Management’s investment portfolio, making the stock its 17th biggest holding. Weik Capital Management’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $4,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VCIT. Richards Merrill & Peterson Inc. purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $30,000. Chapman Financial Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at approximately $31,000. United Financial Planning Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at approximately $34,000. Abich Financial Wealth Management LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at approximately $35,000. Finally, DT Investment Partners LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.6%

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $81.91 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $81.00 and a 12 month high of $84.84. The business’s 50 day simple moving average is $82.67 and its 200 day simple moving average is $83.43.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were paid a dividend of $0.3412 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, June 1st. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33.

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.