Meridian Management Co. Has $31.69 Million Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Meridian Management Co. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,354 shares of the company’s stock after acquiring an additional 35,444 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF accounts for 7.8% of Meridian Management Co.’s portfolio, making the stock its 3rd largest holding. Meridian Management Co.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $31,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Natixis Advisors LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 35.7% in the fourth quarter. Natixis Advisors LLC now owns 133,014 shares of the company’s stock worth $11,140,000 after buying an additional 35,023 shares during the period. Allen Investment Management LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.6% in the fourth quarter. Allen Investment Management LLC now owns 430,914 shares of the company’s stock worth $36,089,000 after buying an additional 10,751 shares during the period. Bridge Generations Wealth Management LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 37.0% in the fourth quarter. Bridge Generations Wealth Management LLC now owns 51,157 shares of the company’s stock worth $4,284,000 after buying an additional 13,812 shares during the period. One Capital Management LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.3% in the fourth quarter. One Capital Management LLC now owns 13,785 shares of the company’s stock worth $1,155,000 after buying an additional 316 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 19.0% in the fourth quarter. Peapack Gladstone Financial Corp now owns 75,514 shares of the company’s stock worth $6,325,000 after buying an additional 12,080 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.5%

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.45 on Tuesday. The business has a fifty day simple moving average of $82.68 and a 200-day simple moving average of $83.47. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $81.00 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 will be paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st will be given a $0.3412 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend is Monday, June 1st.

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.