Mechanics Bank Trust Department Increases Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Mechanics Bank Trust Department lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 49.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,281 shares of the company’s stock after acquiring an additional 32,934 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 1.0% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 27th largest holding. Mechanics Bank Trust Department’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 107.9% during the 4th quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock valued at $716,000 after buying an additional 4,627 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.4% in the second quarter. Daiwa Securities Group Inc. now owns 54,690 shares of the company’s stock worth $4,535,000 after acquiring an additional 2,300 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 67.1% in the second quarter. Qube Research & Technologies Ltd now owns 298,502 shares of the company’s stock worth $24,752,000 after acquiring an additional 119,837 shares during the period. Squarepoint Ops LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 347.4% during the second quarter. Squarepoint Ops LLC now owns 15,132 shares of the company’s stock valued at $1,255,000 after acquiring an additional 11,750 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 8.6% during the second quarter. Main Street Financial Solutions LLC now owns 18,100 shares of the company’s stock valued at $1,501,000 after acquiring an additional 1,433 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT stock opened at $81.49 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $81.03 and a fifty-two week high of $84.84. The business’s 50-day moving average is $82.05 and its two-hundred day moving average is $82.84.

Vanguard Intermediate-Term Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were given a dividend of $0.3421 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a dividend 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.