Morton Brown Family Wealth LLC Buys 7,640 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Morton Brown Family Wealth LLC lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 4.9% during the 1st quarter, Holdings Channel reports. The firm owned 162,814 shares of the company’s stock after acquiring an additional 7,640 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 3.6% of Morton Brown Family Wealth LLC’s holdings, making the stock its 9th biggest holding. Morton Brown Family Wealth LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $13,473,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the fourth 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. HHM Wealth Advisors LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter valued at about $29,000. Monetary Solutions Ltd bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at about $30,000. Richards Merrill & Peterson Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at about $30,000. Finally, Chapman Financial Group LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter valued at approximately $31,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.79 on Friday. The company’s 50 day simple moving average is $82.57 and its 200 day simple moving average is $83.26. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $81.43 and a fifty-two week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a $0.3412 dividend. This represents a c) annualized dividend and a yield of 4.9%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date was 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.