Deane Retirement Strategies Inc. Invests $20.80 Million in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Deane Retirement Strategies Inc. bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the fourth quarter, HoldingsChannel reports. The firm bought 255,901 shares of the company’s stock, valued at approximately $20,800,000. Vanguard Intermediate-Term Corporate Bond ETF comprises about 11.3% of Deane Retirement Strategies Inc.’s holdings, making the stock its 2nd largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Advisory Inc. grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.3% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 54,490,316 shares of the company’s stock valued at $4,688,347,000 after buying an additional 2,231,681 shares in the last quarter. Meiji Yasuda Life Insurance Co grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 27.7% in the first quarter. Meiji Yasuda Life Insurance Co now owns 17,339,000 shares of the company’s stock valued at $1,491,848,000 after buying an additional 3,759,000 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 16.3% in the second quarter. Goldman Sachs Group Inc. now owns 10,856,427 shares of the company’s stock valued at $857,983,000 after buying an additional 1,525,051 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.2% in the third quarter. Royal Bank of Canada now owns 10,642,263 shares of the company’s stock valued at $808,597,000 after buying an additional 1,933,732 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.8% during the 3rd quarter. LPL Financial LLC now owns 10,439,091 shares of the company’s stock worth $793,162,000 after acquiring an additional 385,801 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT traded up $0.04 during midday trading on Thursday, hitting $80.60. 6,198,581 shares of the company’s stock were exchanged, compared to its average volume of 8,437,894. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $73.78 and a 12 month high of $81.65. The company’s 50 day moving average price is $80.15 and its 200 day moving average price is $78.55.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Monday, March 4th were paid a dividend of $0.2732 per share. The ex-dividend date was Friday, March 1st. This represents a $3.28 annualized dividend and a dividend yield of 4.07%.

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.