Fortune Financial Group Inc. Invests $622,000 in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Fortune Financial Group Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,323 shares of the company’s stock, valued at approximately $622,000.

Other hedge funds have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at approximately $30,000. Chapman Financial Group LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at approximately $31,000. United Financial Planning Group LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at approximately $34,000. Abich Financial Wealth Management LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at approximately $35,000. Finally, DT Investment Partners LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at approximately $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

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

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed 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 is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%.

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.