Vanguard Intermediate-Term Corporate Bond ETF $VCIT is Benchmark Financial LLC’s 2nd Largest Position

Benchmark Financial LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 13.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 176,219 shares of the company’s stock after buying an additional 20,484 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VCIT. DecisionPoint Financial LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock worth $45,195,000 after purchasing an additional 15,021 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth about $715,000. First Horizon Corp grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 323.9% in the fourth quarter. First Horizon Corp now owns 11,648 shares of the company’s stock worth $976,000 after purchasing an additional 8,900 shares during the last quarter. Counterweight Ventures LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 13.3% in the 4th quarter. Counterweight Ventures LLC now owns 61,155 shares of the company’s stock worth $5,122,000 after buying an additional 7,179 shares during the period. Finally, Constellation Investments Inc. increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 57.0% in the 4th quarter. Constellation Investments Inc. now owns 1,746,325 shares of the company’s stock worth $146,255,000 after buying an additional 633,750 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1%

Shares of VCIT opened at $82.91 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $81.43 and a 1-year high of $84.84. The company has a 50-day moving average of $82.56 and a 200 day moving average of $83.26.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were paid a dividend of $0.3412 per share. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, June 1st.

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.