Napier Financial LLC Makes New $11.20 Million Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Napier Financial LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 133,721 shares of the company’s stock, valued at approximately $11,199,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 2.8% of Napier Financial LLC’s holdings, making the stock its 14th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in VCIT. Bank of America Corp DE grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 7.7% in 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 buying an additional 5,909,857 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock worth $7,033,022,000 after purchasing an additional 3,339,026 shares during the period. Corient Private Wealth LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 93.8% in the 2nd quarter. Corient Private Wealth LLC now owns 3,915,948 shares of the company’s stock worth $324,711,000 after purchasing an additional 1,895,302 shares during the period. Buffalo Business & Estate Services Ltd. acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth approximately $135,327,000. Finally, HighTower Advisors LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 123.6% in the 4th quarter. HighTower Advisors LLC now owns 2,440,152 shares of the company’s stock worth $204,363,000 after purchasing an additional 1,348,722 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $81.91 on Monday. The company has a 50 day moving average price of $82.67 and a 200 day moving average price of $83.43. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $81.00 and a 52 week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were paid a $0.3412 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33.

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.