Financial Management Network Inc. Raises Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Financial Management Network Inc. grew its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 140,152 shares of the company’s stock after buying an additional 7,198 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 2.3% of Financial Management Network Inc.’s portfolio, making the stock its 11th largest holding. Financial Management Network Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $11,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of VCIT. Trilogy Capital Inc. lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.3% in the 3rd quarter. Trilogy Capital Inc. now owns 7,085 shares of the company’s stock valued at $593,000 after buying an additional 156 shares during the period. Whittier Trust Co. lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 15.3% in the 3rd quarter. Whittier Trust Co. now owns 112,862 shares of the company’s stock valued at $9,452,000 after buying an additional 14,957 shares during the period. Winch Advisory Services LLC lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.2% in the 3rd quarter. Winch Advisory Services LLC now owns 228,118 shares of the company’s stock valued at $19,105,000 after buying an additional 2,713 shares during the period. Telos Capital Management Inc. lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.6% in the 3rd quarter. Telos Capital Management Inc. now owns 69,499 shares of the company’s stock valued at $5,821,000 after buying an additional 1,101 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1,783.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 203,278 shares of the company’s stock valued at $17,025,000 after buying an additional 192,488 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock opened at $80.72 on Wednesday. The business has a 50-day simple moving average of $80.49 and a 200-day simple moving average of $81.72. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.80 and a 52-week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a $0.3129 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.31.

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.