Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Stock Position Boosted by Meridian Management Co.

Meridian Management Co. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,470 shares of the company’s stock after buying an additional 14,799 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 6.1% of Meridian Management Co.’s holdings, making the stock its 4th largest holding. Meridian Management Co.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $23,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VCIT. Bull Oak Capital LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth approximately $27,000. Sound Income Strategies LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 73.9% during the 3rd quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock worth $30,000 after buying an additional 150 shares during the last quarter. Pineridge Advisors LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 57.3% in the 1st quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock valued at $33,000 after buying an additional 150 shares in the last quarter. American National Bank grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the 2nd quarter. American National Bank now owns 471 shares of the company’s stock valued at $38,000 after buying an additional 195 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $81.49 on Tuesday. The firm has a fifty day moving average price of $82.73 and a 200 day moving average price of $81.36. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $75.76 and a 1-year high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a $0.3166 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. This represents a $3.80 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Friday, November 1st.

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.