Royal Bank of Canada Has $1.12 Billion Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Royal Bank of Canada increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,404,757 shares of the company’s stock after acquiring an additional 15,984 shares during the quarter. Royal Bank of Canada’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,122,649,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth $30,000. Chapman Financial Group LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth $31,000. United Financial Planning Group LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth $34,000. Finally, Colonial Trust Advisors acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.59 on Wednesday. The stock’s fifty day simple moving average is $82.65 and its 200 day simple moving average is $83.34. 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 company also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued 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. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%.

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.