Verde Capital Management Has $5.42 Million Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Verde Capital Management trimmed its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 11.5% in the first quarter, HoldingsChannel.com reports. The firm owned 65,473 shares of the company’s stock after selling 8,499 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.2% of Verde Capital Management’s investment portfolio, making the stock its 16th largest holding. Verde Capital Management’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $5,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during 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 in the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth about $30,000. Monetary Solutions Ltd acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $30,000. Chapman Financial Group LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at about $31,000. Finally, United Financial Planning Group LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at about $34,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

NASDAQ:VCIT opened at $82.29 on Tuesday. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $81.43 and a 12-month high of $84.84. The firm has a 50-day moving average price of $82.61 and a 200 day moving average price of $83.29.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

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.