Verus Wealth Management LLC Has $8.74 Million Stake in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Verus Wealth Management LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,583 shares of the company’s stock after acquiring an additional 6,571 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for 8.1% of Verus Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Verus Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,737,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.1% during the 4th quarter. Bank of America Corp DE now owns 84,849,444 shares of the company’s stock valued at $7,106,141,000 after purchasing an additional 2,552,216 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the fourth 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 last quarter. Creative Planning increased its holdings in shares of 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 worth $2,223,729,000 after purchasing an additional 927,083 shares during the last quarter. Morgan Stanley increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.4% in the fourth quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock worth $2,014,054,000 after purchasing an additional 4,399,400 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 10,895,493 shares of the company’s stock worth $912,498,000 after buying an additional 604,588 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.65 on Wednesday. The stock has a 50 day moving average of $82.54 and a 200 day moving average of $83.24. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $81.43 and a 12 month 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. Shareholders of record on Monday, June 1st were paid a $0.3412 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, June 1st. 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 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.