Peapack Gladstone Financial Corp Boosts Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Peapack Gladstone Financial Corp increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,514 shares of the company’s stock after purchasing an additional 12,080 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $6,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VCIT. Bank of America Corp DE grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 7.7% in the 3rd quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock valued at $6,922,020,000 after buying an additional 5,909,857 shares during the period. Fisher Asset Management LLC raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock valued at $7,033,022,000 after purchasing an additional 3,339,026 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of 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 in the last quarter. Buffalo Business & Estate Services Ltd. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at approximately $135,327,000. Finally, HighTower Advisors LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 123.6% in the 4th quarter. HighTower Advisors LLC now owns 2,440,152 shares of the company’s stock valued at $204,363,000 after acquiring an additional 1,348,722 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.5%

Shares of NASDAQ VCIT opened at $82.45 on Tuesday. The business has a 50 day simple moving average of $82.68 and a 200-day simple moving average of $83.47. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $81.00 and a twelve month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Monday, June 1st will be paid a dividend of $0.3412 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, June 1st. This is an increase 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.