MilWealth Group LLC Increases Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

MilWealth Group LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 470,819 shares of the company’s stock after buying an additional 13,550 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 9.4% of MilWealth Group LLC’s investment portfolio, making the stock its 4th biggest position. MilWealth Group LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $39,431,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.7% during the third quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock worth $6,922,020,000 after purchasing an additional 5,909,857 shares during the period. Creative Planning lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 3.6% in the third quarter. Creative Planning now owns 26,438,339 shares of the company’s stock valued at $2,223,729,000 after buying an additional 927,083 shares during the period. Envestnet Asset Management Inc. increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 2.8% in the third quarter. Envestnet Asset Management Inc. now owns 10,372,500 shares of the company’s stock valued at $872,431,000 after purchasing an additional 286,124 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 8.9% in the fourth quarter. Wealthfront Advisers LLC now owns 5,510,729 shares of the company’s stock valued at $461,524,000 after purchasing an additional 449,017 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 10.3% in the third quarter. Raymond James Financial Inc. now owns 4,620,873 shares of the company’s stock valued at $388,662,000 after purchasing an additional 431,590 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT opened at $82.58 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $80.42 and a 1-year high of $84.84. The company has a fifty day moving average price of $83.22 and a two-hundred day moving average price of $83.73.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

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