Mechanics Bank Trust Department Makes New $1.82 Million Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Mechanics Bank Trust Department acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,689 shares of the company’s stock, valued at approximately $1,816,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Caldwell Trust Co purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth about $25,000. Chapman Financial Group LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth about $31,000. United Financial Planning Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at about $34,000. Abich Financial Wealth Management LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at about $35,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at about $37,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.1%

Shares of VCIT stock opened at $81.92 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $78.66 and a 1-year high of $84.84. The firm’s 50-day simple moving average is $83.68 and its 200-day simple moving average is $83.92.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.3026 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.4%.

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.