Wells Fargo & Company MN Grows Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Wells Fargo & Company MN grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,181,977 shares of the company’s stock after acquiring an additional 570,203 shares during the period. Wells Fargo & Company MN’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $852,741,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VCIT. Brown Brothers Harriman & Co. grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth $30,000. Chapman Financial Group LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth $31,000. United Financial Planning Group LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth $34,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth $35,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock opened at $82.45 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $81.43 and a 1-year high of $84.84. The firm has a fifty day moving average of $82.66 and a two-hundred day moving average of $83.38.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a dividend of $0.3412 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 5.0%. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33.

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.