GEM Asset Management LLC Buys 11,288 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

GEM Asset Management LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 381.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,248 shares of the company’s stock after purchasing an additional 11,288 shares during the period. GEM Asset Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,196,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.7% during the 3rd quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock worth $6,922,020,000 after purchasing an additional 5,909,857 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.0% in the second quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock valued at $8,478,891,000 after buying an additional 4,850,259 shares in the last quarter. Corient Private Wealth LLC increased its holdings 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 buying an additional 1,895,302 shares during the last quarter. Creative Planning raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 3.6% during the third quarter. Creative Planning now owns 26,438,339 shares of the company’s stock worth $2,223,729,000 after acquiring an additional 927,083 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 1,249.1% in the second quarter. National Bank of Canada FI now owns 865,566 shares of the company’s stock valued at $71,772,000 after acquiring an additional 801,407 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $82.55 on Tuesday. The firm has a 50-day moving average of $83.82 and a 200-day moving average of $83.97. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $78.66 and a one year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.3026 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, March 2nd.

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.