Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Reaches New 52-Week High – Should You Buy?

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) reached a new 52-week high on Friday . The stock traded as high as $84.84 and last traded at $84.8050, with a volume of 5231821 shares. The stock had previously closed at $84.68.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

The firm’s fifty day moving average price is $83.99 and its 200-day moving average price is $83.95.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.33 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On Vanguard Intermediate-Term Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 438.6% during the 4th quarter. Corient Private Wealth LLC now owns 10,303,448 shares of the company’s stock worth $862,914,000 after purchasing an additional 8,390,355 shares in the last quarter. Bank of America Corp DE raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 7.7% in the 3rd quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock worth $6,922,020,000 after acquiring an additional 5,909,857 shares during the period. Fisher Asset Management LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.0% during the 2nd quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock worth $8,478,891,000 after purchasing an additional 4,850,259 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.4% during the fourth quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock worth $2,014,054,000 after buying an additional 4,399,400 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 55,312,304 shares of the company’s stock valued at $4,586,496,000 after purchasing an additional 3,404,271 shares during the last quarter.

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.