FTB Advisors Inc. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3,475.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,932 shares of the company’s stock after purchasing an additional 2,850 shares during the period. FTB Advisors Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VCIT. Optimum Investment Advisors purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter valued at approximately $108,000. CWM LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 475.3% during the second quarter. CWM LLC now owns 1,375 shares of the company’s stock valued at $115,000 after acquiring an additional 1,136 shares during the last quarter. South State Corp purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $210,000. Polaris Greystone Financial Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $234,000. Finally, Roosevelt Investment Group Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter valued at approximately $244,000.

NASDAQ:VCIT opened at $84.25 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $82.81 and a 52 week high of $88.76.

The company also recently announced a monthly dividend, which was paid on Monday, August 6th. Investors of record on Thursday, August 2nd were given a dividend of $0.257 per share. The ex-dividend date of this dividend was Wednesday, August 1st. This represents a $3.08 dividend on an annualized basis and a yield of 3.66%.

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.

See Also: Growth Stocks

Institutional Ownership by Quarter for Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

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