Vanguard Intermediate-Term Corporate Bond ETF $VCIT is Topsail Wealth Management LLC’s 9th Largest Position

Topsail Wealth Management LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,562 shares of the company’s stock after buying an additional 13,050 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up 2.4% of Topsail Wealth Management LLC’s holdings, making the stock its 9th largest holding. Topsail Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $16,514,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VCIT. GHP Investment Advisors Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the first quarter worth about $111,000. SmartHarvest Portfolios LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 44.6% during the 1st quarter. SmartHarvest Portfolios LLC now owns 3,675 shares of the company’s stock valued at $304,000 after purchasing an additional 1,134 shares during the period. Morton Brown Family Wealth LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 4.9% during the 1st quarter. Morton Brown Family Wealth LLC now owns 162,814 shares of the company’s stock valued at $13,473,000 after purchasing an additional 7,640 shares during the period. Maseco LLP raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.6% in the 1st quarter. Maseco LLP now owns 4,732 shares of the company’s stock valued at $392,000 after purchasing an additional 252 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 12.4% in the 1st quarter. OLD National Bancorp IN now owns 372,583 shares of the company’s stock valued at $30,831,000 after purchasing an additional 41,043 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

Shares of VCIT opened at $82.79 on Friday. The company has a 50 day moving average price of $82.57 and a 200-day moving average price of $83.26. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $81.43 and a fifty-two week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were paid a $0.3412 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Monday, June 1st.

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.