Brookstone Capital Management Has $4.29 Million Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Brookstone Capital Management raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 13.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 51,902 shares of the company’s stock after purchasing an additional 6,165 shares during the quarter. Brookstone Capital Management’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $4,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. OxenFree Capital LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 6.2% during the first quarter. OxenFree Capital LLC now owns 43,956 shares of the company’s stock valued at $3,664,000 after purchasing an additional 2,575 shares during the period. Center For Asset Management LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.3% in the first quarter. Center For Asset Management LLC now owns 24,734 shares of the company’s stock valued at $2,047,000 after purchasing an additional 1,455 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 10.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 4,090 shares of the company’s stock worth $338,000 after purchasing an additional 385 shares during the period. Sheets Smith Wealth Management raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 9.8% in the first quarter. Sheets Smith Wealth Management now owns 39,304 shares of the company’s stock worth $3,252,000 after purchasing an additional 3,494 shares during the period. Finally, BlueSky Wealth Advisors LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth $20,047,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ VCIT opened at $82.37 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $81.43 and a twelve month high of $84.84. The company’s fifty day moving average is $82.60 and its 200-day moving average is $83.28.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed 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. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, June 1st. This is a boost 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.