Cedar Point Capital Partners LLC Boosts Stake in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Cedar Point Capital Partners LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 201.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,534 shares of the company’s stock after purchasing an additional 8,375 shares during the period. Cedar Point Capital Partners LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VCIT. Richards Merrill & Peterson Inc. purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at approximately $30,000. Chapman Financial Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter valued at approximately $31,000. United Financial Planning Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at approximately $34,000. Abich Financial Wealth Management LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at approximately $35,000. Finally, DT Investment Partners LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at approximately $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock opened at $81.97 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $81.43 and a 52 week high of $84.84. The firm has a 50 day moving average of $82.66 and a two-hundred day moving average of $83.39.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

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.