Financial Management Network Inc. Has $19.23 Million Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Financial Management Network Inc. boosted its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,448 shares of the company’s stock after buying an additional 9,800 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 3.0% of Financial Management Network Inc.’s holdings, making the stock its 7th biggest holding. Financial Management Network Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $19,229,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. DecisionPoint Financial LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock worth $45,195,000 after acquiring an additional 15,021 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at about $715,000. First Horizon Corp boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 323.9% during the 4th quarter. First Horizon Corp now owns 11,648 shares of the company’s stock valued at $976,000 after purchasing an additional 8,900 shares during the last quarter. Counterweight Ventures LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 13.3% during the 4th quarter. Counterweight Ventures LLC now owns 61,155 shares of the company’s stock worth $5,122,000 after purchasing an additional 7,179 shares in the last quarter. Finally, Constellation Investments Inc. raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 57.0% in the fourth quarter. Constellation Investments Inc. now owns 1,746,325 shares of the company’s stock worth $146,255,000 after purchasing an additional 633,750 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT opened at $82.29 on Tuesday. The company’s 50-day moving average is $82.61 and its 200 day moving average is $83.29. 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 paid a $0.3412 dividend. The ex-dividend date was Monday, June 1st. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. This represents a c) annualized dividend and a dividend 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.