Vanguard Intermediate-Term Corporate Bond ETF $VCIT is Meridian Management Co.’s 2nd Largest Position

Meridian Management Co. grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.1% in the first quarter, Holdings Channel.com reports. The fund owned 397,598 shares of the company’s stock after purchasing an additional 19,244 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up about 8.2% of Meridian Management Co.’s holdings, making the stock its 2nd largest holding. Meridian Management Co.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $32,901,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. HHM Wealth Advisors LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth $29,000. Richards Merrill & Peterson Inc. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at $30,000. Monetary Solutions Ltd acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at $30,000. Finally, Chapman Financial Group LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at $31,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.3%

NASDAQ:VCIT opened at $81.70 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $81.43 and a 52-week high of $84.84. The stock has a fifty day simple moving average of $82.33 and a 200-day simple moving average of $83.11.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3319 per share. The ex-dividend date was Wednesday, July 1st.

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.