Envestnet Portfolio Solutions Inc. Buys 40,599 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Envestnet Portfolio Solutions Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 18.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,537 shares of the company’s stock after buying an additional 40,599 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $20,893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 145.6% in the 4th quarter. Truvestments Capital LLC now owns 334 shares of the company’s stock worth $27,000 after acquiring an additional 198 shares during the period. Tortoise Investment Management LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth $28,000. Midwest Capital Advisors LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth $33,000. Transce3nd LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth $35,000. Finally, Noble Wealth Management PBC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter valued at $38,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT stock opened at $81.77 on Thursday. The firm has a fifty day moving average of $81.06 and a 200-day moving average of $80.98. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $78.66 and a 52-week high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, June 2nd were paid a $0.328 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.94 dividend on an annualized basis and a yield of 4.81%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32.

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.