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

Royal Bank of Canada grew its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,404,757 shares of the company’s stock after purchasing an additional 15,984 shares during the quarter. Royal Bank of Canada owned about 1.88% of Vanguard Intermediate-Term Corporate Bond ETF worth $1,122,649,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. DecisionPoint Financial LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock valued at $45,195,000 after purchasing an additional 15,021 shares during the period. Coyle Financial Counsel LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 17.1% in the 3rd quarter. Coyle Financial Counsel LLC now owns 173,219 shares of the company’s stock valued at $14,569,000 after purchasing an additional 25,336 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at $715,000. Ameritas Investment Partners Inc. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 234,801 shares of the company’s stock valued at $19,749,000 after purchasing an additional 17,222 shares during the period. Finally, First Horizon Corp lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 323.9% in the 4th quarter. First Horizon Corp now owns 11,648 shares of the company’s stock valued at $976,000 after purchasing an additional 8,900 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT stock opened at $82.59 on Wednesday. The business’s fifty day moving average is $82.65 and its 200-day moving average is $83.34. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $81.43 and a twelve month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were paid a dividend of $0.3412 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33.

Vanguard Intermediate-Term Corporate Bond ETF 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.