Cornerstone Financial Management LLC Takes Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Cornerstone Financial Management LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,727 shares of the company’s stock, valued at approximately $1,820,000. Vanguard Intermediate-Term Corporate Bond ETF makes up about 1.7% of Cornerstone Financial Management LLC’s portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 136.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $30,000. Chapman Financial Group LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at approximately $31,000. United Financial Planning Group LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at approximately $34,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at approximately $35,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.1%

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.45 on Friday. The firm has a 50 day simple moving average of $82.66 and a 200-day simple moving average of $83.38. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $81.43 and a 12-month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a dividend of $0.3412 per share. 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. This represents a c) dividend on an annualized basis and a 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.