Ballast Financial Advisors LLC Takes $948,000 Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Ballast Financial Advisors LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,316 shares of the company’s stock, valued at approximately $948,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for 1.0% of Ballast Financial Advisors LLC’s holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of VCIT. Bank of America Corp DE boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.7% in the 3rd quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock valued at $6,922,020,000 after buying an additional 5,909,857 shares during the period. Morgan Stanley boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.4% in the 4th quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock valued at $2,014,054,000 after buying an additional 4,399,400 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock valued at $7,033,022,000 after buying an additional 3,339,026 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 93.8% in the 2nd quarter. Corient Private Wealth LLC now owns 3,915,948 shares of the company’s stock valued at $324,711,000 after buying an additional 1,895,302 shares during the period. Finally, Nepc LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 37.8% in the 4th quarter. Nepc LLC now owns 6,093,365 shares of the company’s stock valued at $510,319,000 after buying an additional 1,670,078 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.4%

NASDAQ VCIT opened at $82.22 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $81.43 and a one year high of $84.84. The company has a 50-day simple moving average of $82.64 and a 200-day simple moving average of $83.32.

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 paid 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.