Kagan Cocozza Asset Management Invests $792,000 in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Kagan Cocozza Asset Management purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,565 shares of the company’s stock, valued at approximately $792,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BridgePort Financial Solutions LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 0.6% in the 4th quarter. BridgePort Financial Solutions LLC now owns 21,027 shares of the company’s stock valued at $1,761,000 after buying an additional 120 shares in the last quarter. Sincerus Advisory LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.5% in the 4th quarter. Sincerus Advisory LLC now owns 24,561 shares of the company’s stock worth $2,057,000 after acquiring an additional 121 shares during the last quarter. Valued Retirements Inc. increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.5% in the 4th quarter. Valued Retirements Inc. now owns 3,591 shares of the company’s stock worth $301,000 after acquiring an additional 121 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 19.7% during the 4th quarter. MCF Advisors LLC now owns 754 shares of the company’s stock worth $63,000 after acquiring an additional 124 shares during the period. Finally, Summit Wealth Partners LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.7% during the 4th quarter. Summit Wealth Partners LLC now owns 19,099 shares of the company’s stock worth $1,600,000 after acquiring an additional 134 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock opened at $82.65 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $81.43 and a twelve month high of $84.84. The company’s 50-day moving average price is $82.54 and its 200-day moving average price is $83.24.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

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.