Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Shares Sold by Meridian Management Co.

Meridian Management Co. trimmed its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,408 shares of the company’s stock after selling 4,497 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF accounts for 7.2% of Meridian Management Co.’s holdings, making the stock its 3rd biggest holding. Meridian Management Co.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $23,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 107.9% in the fourth quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock valued at $716,000 after acquiring an additional 4,627 shares during the period. Vanguard Group Inc. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 3,962,387 shares of the company’s stock worth $318,061,000 after purchasing an additional 227,510 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 31.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 4,900 shares of the company’s stock worth $393,000 after purchasing an additional 1,172 shares in the last quarter. Blair William & Co. IL boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 2.1% in the 4th quarter. Blair William & Co. IL now owns 67,997 shares of the company’s stock valued at $5,458,000 after purchasing an additional 1,422 shares during the period. Finally, Tucker Asset Management LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1,249.6% during the 4th quarter. Tucker Asset Management LLC now owns 1,714 shares of the company’s stock worth $138,000 after purchasing an additional 1,587 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.2%

Shares of VCIT opened at $82.63 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $78.66 and a 12 month high of $84.25. The firm’s 50 day moving average is $81.87 and its 200-day moving average is $81.26.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st were issued a $0.3207 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $3.85 annualized dividend and a yield of 4.66%.

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.