Westmount Partners LLC Invests $697,000 in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Westmount Partners LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,420 shares of the company’s stock, valued at approximately $697,000.

Several other large investors have also modified their holdings of the stock. Brown Brothers Harriman & Co. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth approximately $30,000. Monetary Solutions Ltd acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth approximately $30,000. Chapman Financial Group LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth approximately $31,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $34,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT opened at $82.48 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $81.43 and a twelve month high of $84.84. The business has a 50 day simple moving average of $82.62 and a 200-day simple moving average of $83.30.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a $0.3412 dividend. This is a boost 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 yield of 5.0%. The ex-dividend date of this dividend was Monday, June 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.