Allen Investment Management LLC Has $18.07 Million Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Allen Investment Management LLC raised its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 12.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 224,412 shares of the company’s stock after purchasing an additional 24,187 shares during the period. Allen Investment Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $18,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Topel & Distasi Wealth Management LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.6% in the 1st quarter. Topel & Distasi Wealth Management LLC now owns 24,262 shares of the company’s stock valued at $1,953,000 after purchasing an additional 1,063 shares during the period. LPF Advisors LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.8% in the first quarter. LPF Advisors LLC now owns 131,160 shares of the company’s stock valued at $10,560,000 after acquiring an additional 2,288 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.4% in the first quarter. Oppenheimer & Co. Inc. now owns 65,539 shares of the company’s stock valued at $5,277,000 after acquiring an additional 3,350 shares during the last quarter. PFG Advisors increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.5% in the first quarter. PFG Advisors now owns 109,450 shares of the company’s stock valued at $8,812,000 after acquiring an additional 5,728 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,138,218 shares of the company’s stock valued at $91,638,000 after acquiring an additional 16,272 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCIT traded up $0.24 during midday trading on Friday, reaching $81.15. The company had a trading volume of 6,151,542 shares, compared to its average volume of 7,272,484. The business’s 50 day moving average price is $79.90 and its 200 day moving average price is $79.92. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $73.78 and a 1-year high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a $0.2887 dividend. The ex-dividend date of this dividend was Monday, 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.