Benjamin Edwards Inc. Increases Stake in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Benjamin Edwards Inc. lifted its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 854,876 shares of the company’s stock after purchasing an additional 67,186 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises about 0.8% of Benjamin Edwards Inc.’s investment portfolio, making the stock its 19th biggest holding. Benjamin Edwards Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $71,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VCIT. Richards Merrill & Peterson Inc. purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at $30,000. Chapman Financial Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at $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 purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at $45,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.3%

VCIT opened at $82.58 on Friday. The company has a fifty day moving average of $83.22 and a 200 day moving average of $83.73. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $80.42 and a fifty-two week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st will be given a dividend of $0.3262 per share. The ex-dividend date is Friday, May 1st. This represents a c) annualized dividend and a yield of 4.7%.

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.