Summit Financial LLC Buys 32,445 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Summit Financial LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 350,070 shares of the company’s stock after purchasing an additional 32,445 shares during the period. Summit Financial LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $29,318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% in the fourth 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. Richards Merrill & Peterson Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth $30,000. Chapman Financial Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth $31,000. United Financial Planning Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth $34,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth $35,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.1%

Shares of VCIT stock opened at $82.45 on Friday. The business’s fifty day moving average is $82.66 and its 200 day moving average is $83.38. 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 business also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were paid a $0.3412 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, June 1st.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.