Vanguard Intermediate-Term Corporate Bond ETF $VCIT Position Raised by Financial Management Network Inc.

Financial Management Network Inc. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 4.4% in the first quarter, Holdings Channel.com reports. The firm owned 231,448 shares of the company’s stock after buying an additional 9,800 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF comprises about 3.0% of Financial Management Network Inc.’s investment portfolio, making the stock its 7th biggest position. Financial Management Network Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $19,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of VCIT. Brown Brothers Harriman & Co. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Richards Merrill & Peterson Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth $30,000. Monetary Solutions Ltd bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth $30,000. Chapman Financial Group LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth $31,000. Finally, United Financial Planning Group LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at $34,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $82.29 on Tuesday. The stock’s 50-day simple moving average is $82.61 and its 200 day simple moving average is $83.29. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $81.43 and a 52-week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

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. 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.