Ballast Financial Advisors LLC Invests $948,000 in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Ballast Financial Advisors LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the fourth quarter, HoldingsChannel reports. The firm purchased 11,316 shares of the company’s stock, valued at approximately $948,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.0% of Ballast Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors also recently made changes to their positions in VCIT. Brown Brothers Harriman & Co. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 136.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth approximately $30,000. Chapman Financial Group LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth approximately $31,000. United Financial Planning Group LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $34,000. Finally, Align Financial LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth approximately $35,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.4%

NASDAQ VCIT opened at $82.22 on Thursday. The company’s 50 day simple moving average is $82.64 and its 200 day simple moving average is $83.32. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $81.43 and a 12 month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a $0.3412 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, June 1st. This is an increase 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.