Wealthfront Advisers LLC Raises Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Wealthfront Advisers LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 22.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,762,049 shares of the company’s stock after purchasing an additional 1,251,320 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 1.2% of Wealthfront Advisers LLC’s portfolio, making the stock its 16th biggest holding. Wealthfront Advisers LLC owned about 0.87% of Vanguard Intermediate-Term Corporate Bond ETF worth $559,560,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the first quarter valued at $29,000. Brown Brothers Harriman & Co. raised its position 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 valued at $29,000 after purchasing an additional 200 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $30,000. Monetary Solutions Ltd bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $30,000. Finally, Chapman Financial Group LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at about $31,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT opened at $81.93 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $81.43 and a fifty-two week high of $84.84. The firm has a 50 day moving average price of $82.31 and a 200-day moving average price of $83.10.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.3319 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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.