Morningstar Investment Management LLC Invests $48.06 Million in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Morningstar Investment Management LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 598,754 shares of the company’s stock, valued at approximately $48,062,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for 3.8% of Morningstar Investment Management LLC’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth $25,000. Bull Oak Capital LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth about $27,000. Nvwm LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 42.6% during the 4th quarter. Nvwm LLC now owns 499 shares of the company’s stock valued at $40,000 after buying an additional 149 shares in the last quarter. Sound Income Strategies LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 50.7% in the 4th quarter. Sound Income Strategies LLC now owns 532 shares of the company’s stock valued at $43,000 after buying an additional 179 shares during the period. Finally, Field & Main Bank bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth about $52,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1 %

Shares of NASDAQ:VCIT opened at $80.81 on Thursday. The firm’s 50 day simple moving average is $80.46 and its 200-day simple moving average is $81.72. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $77.80 and a one year high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.3129 per share. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.31. The ex-dividend date was Monday, February 3rd.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.