Vanguard Intermediate-Term Corporate Bond ETF $VCIT is Severin Investments LLC’s 2nd Largest Position

Severin Investments LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 317.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,867 shares of the company’s stock after purchasing an additional 35,648 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises approximately 3.3% of Severin Investments LLC’s portfolio, making the stock its 2nd biggest position. Severin Investments LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,878,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth approximately $29,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 136.1% in the 4th 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. purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at $30,000. Monetary Solutions Ltd purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at $30,000. Finally, Chapman Financial Group LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth $31,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $82.65 on Wednesday. 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 price of $82.54 and a 200 day moving average price of $83.24.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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