Allen Investment Management LLC Purchases 10,751 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Allen Investment Management LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 430,914 shares of the company’s stock after purchasing an additional 10,751 shares during the quarter. Allen Investment Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $36,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VCIT. Richards Merrill & Peterson Inc. bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at $30,000. Chapman Financial Group LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth about $31,000. United Financial Planning Group LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at about $34,000. Abich Financial Wealth Management LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth approximately $35,000. Finally, DT Investment Partners LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth approximately $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.5%

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.45 on Tuesday. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $81.00 and a 12-month high of $84.84. The business’s 50 day moving average is $82.68 and its 200-day moving average is $83.47.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

Vanguard Intermediate-Term Corporate Bond ETF 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.