Weik Capital Management Boosts Stake in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Weik Capital Management grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 19.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 50,974 shares of the company’s stock after buying an additional 8,472 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for 1.6% of Weik Capital Management’s portfolio, making the stock its 17th largest position. Weik Capital Management’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $4,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fisher Asset Management LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock worth $7,033,022,000 after acquiring an additional 3,339,026 shares in the last quarter. Bank of America Corp DE raised its stake 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 acquiring an additional 5,909,857 shares in the last quarter. Creative Planning raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.6% during the third quarter. Creative Planning now owns 26,438,339 shares of the company’s stock worth $2,223,729,000 after acquiring an additional 927,083 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 8.9% during the fourth quarter. Wealthfront Advisers LLC now owns 5,510,729 shares of the company’s stock worth $461,524,000 after acquiring 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 3rd quarter. Raymond James Financial Inc. now owns 4,620,873 shares of the company’s stock worth $388,662,000 after purchasing an additional 431,590 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $81.91 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $81.00 and a twelve month high of $84.84. The firm has a fifty day simple moving average of $82.67 and a two-hundred day simple moving average of $83.43.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were given a dividend of $0.3412 per share. 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.