Benchmark Financial LLC Has $14.58 Million Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Benchmark Financial LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 13.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,219 shares of the company’s stock after acquiring an additional 20,484 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up approximately 13.1% of Benchmark Financial LLC’s investment portfolio, making the stock its 2nd biggest position. Benchmark Financial LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $14,582,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VCIT. HHM Wealth Advisors LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter valued at approximately $29,000. Brown Brothers Harriman & Co. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at approximately $30,000. Monetary Solutions Ltd purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at $30,000. Finally, Chapman Financial Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at $31,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT opened at $82.91 on Friday. The business has a fifty day moving average of $82.56 and a 200 day moving average of $83.26. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $81.43 and a 52-week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33.

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.