Seven Mile Advisory Grows Stake in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Seven Mile Advisory grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 42.3% during the fourth quarter, HoldingsChannel reports. The fund owned 29,677 shares of the company’s stock after purchasing an additional 8,827 shares during the period. Seven Mile Advisory’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $2,485,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VCIT. Brown Brothers Harriman & Co. grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth approximately $30,000. Chapman Financial Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth approximately $31,000. United Financial Planning Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth approximately $34,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth approximately $35,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ:VCIT opened at $82.45 on Monday. The stock’s 50 day moving average price is $82.66 and its 200 day moving average price is $83.37. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $81.43 and a 52-week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

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.