GEM Asset Management LLC Buys 11,288 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

GEM Asset Management LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 381.4% in the 4th quarter, HoldingsChannel reports. The fund owned 14,248 shares of the company’s stock after purchasing an additional 11,288 shares during the quarter. GEM Asset Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.7% in the third quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock valued at $6,922,020,000 after purchasing an additional 5,909,857 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 5.0% during the 2nd quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock worth $8,478,891,000 after purchasing an additional 4,850,259 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 93.8% in the 2nd quarter. Corient Private Wealth LLC now owns 3,915,948 shares of the company’s stock valued at $324,711,000 after purchasing an additional 1,895,302 shares during the period. Creative Planning boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 3.6% in the 3rd quarter. Creative Planning now owns 26,438,339 shares of the company’s stock valued at $2,223,729,000 after purchasing an additional 927,083 shares during the period. Finally, National Bank of Canada FI grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 1,249.1% in the 2nd quarter. National Bank of Canada FI now owns 865,566 shares of the company’s stock valued at $71,772,000 after buying an additional 801,407 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.5%

VCIT stock opened at $82.55 on Tuesday. The business’s fifty day moving average price is $83.82 and its two-hundred day moving average price is $83.97. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $78.66 and a fifty-two week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

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

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.