Meridian Wealth Management LLC Grows Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Meridian Wealth Management LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,988 shares of the company’s stock after buying an additional 10,265 shares during the quarter. Meridian Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $7,955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Richards Merrill & Peterson Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at $30,000. Chapman Financial Group LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth $31,000. United Financial Planning Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at $34,000. Abich Financial Wealth Management LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at $35,000. Finally, Founders Financial Alliance LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at about $45,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT opened at $82.71 on Tuesday. The business has a 50-day simple moving average of $83.03 and a two-hundred day simple moving average of $83.66. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $80.42 and a 52 week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were issued a $0.3262 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, May 1st.

Vanguard Intermediate-Term Corporate Bond ETF 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.