Flputnam Investment Management Co. Grows Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Flputnam Investment Management Co. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 11.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 815,237 shares of the company’s stock after acquiring an additional 85,340 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 1.0% of Flputnam Investment Management Co.’s holdings, making the stock its 18th biggest holding. Flputnam Investment Management Co.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $68,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at approximately $30,000. Chapman Financial Group LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at approximately $31,000. United Financial Planning Group LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at approximately $34,000. Abich Financial Wealth Management LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at approximately $35,000. Finally, Founders Financial Alliance LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at approximately $45,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.4%

Shares of NASDAQ:VCIT opened at $82.54 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $81.00 and a 1 year high of $84.84. The business’s 50 day moving average price is $82.70 and its 200-day moving average price is $83.50.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were given a dividend of $0.3262 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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.