Vanguard Intermediate-Term Corporate Bond ETF (VCIT) to Issue Monthly Dividend of $0.35 on November 4th

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) declared a monthly dividend on Tuesday, January 27th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.3501 per share on Wednesday, November 4th. This represents a $4.20 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, November 2nd. This is a 3.0% increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.3398.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.2%

NASDAQ VCIT opened at $79.69 on Friday. The firm’s 50 day moving average is $79.48 and its 200-day moving average is $81.92. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $77.61 and a 12-month high of $84.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 39.6% during the 1st quarter. Bank of America Corp DE now owns 118,464,592 shares of the company’s stock worth $9,802,945,000 after purchasing an additional 33,615,148 shares in the last quarter. Baird Financial Group Inc. increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 10.4% during the second quarter. Baird Financial Group Inc. now owns 7,359,239 shares of the company’s stock worth $608,241,000 after buying an additional 690,902 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 22.7% in the 1st quarter. Wealthfront Advisers LLC now owns 6,762,049 shares of the company’s stock valued at $559,560,000 after purchasing an additional 1,251,320 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 11.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,728,521 shares of the company’s stock valued at $391,285,000 after buying an additional 483,764 shares during the period. Finally, Symetra Investment Management Co acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth $259,274,000.

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.