SHP Wealth Management Invests $70.81 Million in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

SHP Wealth Management acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 845,435 shares of the company’s stock, valued at approximately $70,806,000. Vanguard Intermediate-Term Corporate Bond ETF comprises about 5.5% of SHP Wealth Management’s investment portfolio, making the stock its 4th biggest position. SHP Wealth Management owned about 0.12% of Vanguard Intermediate-Term Corporate Bond ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VCIT. Brown Brothers Harriman & Co. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 136.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at $30,000. Monetary Solutions Ltd acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter valued at $30,000. Chapman Financial Group LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter valued at $31,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at $34,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT stock opened at $82.48 on Friday. The business has a fifty day moving average of $82.62 and a 200 day moving average of $83.30. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $81.43 and a 1 year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

Vanguard Intermediate-Term Corporate Bond ETF Profile

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.