21,727 Shares in Vanguard Intermediate-Term Corporate Bond ETF $VCIT Purchased by Cornerstone Financial Management LLC

Cornerstone Financial Management LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,727 shares of the company’s stock, valued at approximately $1,820,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for 1.7% of Cornerstone Financial Management LLC’s portfolio, making the stock its 16th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of VCIT. Bank of America Corp DE raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7.7% during the third quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock worth $6,922,020,000 after acquiring an additional 5,909,857 shares during the period. Morgan Stanley raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 22.4% during the fourth quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock worth $2,014,054,000 after acquiring an additional 4,399,400 shares during the period. Fisher Asset Management LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock worth $7,033,022,000 after acquiring an additional 3,339,026 shares during the period. Corient Private Wealth LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 93.8% during the second quarter. Corient Private Wealth LLC now owns 3,915,948 shares of the company’s stock worth $324,711,000 after acquiring an additional 1,895,302 shares during the period. Finally, Buffalo Business & Estate Services Ltd. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $135,327,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ VCIT opened at $82.45 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $81.43 and a 52 week high of $84.84. The company has a 50-day moving average price of $82.66 and a two-hundred day moving average price of $83.38.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

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.