Advisor Resource Council Purchases New Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Advisor Resource Council purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 55,915 shares of the company’s stock, valued at approximately $4,408,000.

Several other hedge funds have also recently bought and sold shares of VCIT. Fisher Asset Management LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 92,783,951 shares of the company’s stock valued at $7,447,768,000 after purchasing an additional 4,289,340 shares during the last quarter. Bank of America Corp DE boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.5% in the 4th quarter. Bank of America Corp DE now owns 63,704,527 shares of the company’s stock valued at $5,113,562,000 after purchasing an additional 2,752,661 shares during the period. JPMorgan Chase & Co. grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 50,189,734 shares of the company’s stock valued at $4,028,730,000 after buying an additional 2,992,971 shares in the last quarter. Royal Bank of Canada grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the 4th quarter. Royal Bank of Canada now owns 11,856,196 shares of the company’s stock valued at $951,697,000 after buying an additional 472,145 shares in the last quarter. Finally, LPL Financial LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 5.2% during the 4th quarter. LPL Financial LLC now owns 11,292,264 shares of the company’s stock worth $906,430,000 after buying an additional 553,333 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT opened at $81.77 on Friday. The stock has a fifty day moving average of $81.10 and a 200-day moving average of $80.98. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $78.66 and a fifty-two week high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were paid a $0.328 dividend. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.94 annualized dividend and a yield of 4.81%.

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.