Meridian Management Co. Purchases 19,244 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Meridian Management Co. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 8.2% of Meridian Management Co.’s portfolio, making the stock its 2nd largest position. Meridian Management Co. owned about 0.05% of Vanguard Intermediate-Term Corporate Bond ETF worth $32,901,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the 4th 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 period. HHM Wealth Advisors LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter valued at approximately $29,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at approximately $30,000. Monetary Solutions Ltd purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $30,000. Finally, Chapman Financial Group LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at approximately $31,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.3%

Shares of VCIT stock opened at $81.70 on Wednesday. The business’s fifty day moving average price is $82.33 and its 200 day moving average price is $83.11. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $81.43 and a 1-year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.3319 per share. 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.