Tandem Investment Partners LLC Invests $2.32 Million in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Tandem Investment Partners LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,955 shares of the company’s stock, valued at approximately $2,324,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 2.2% of Tandem Investment Partners LLC’s portfolio, making the stock its 15th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Financial Group Inc. ADV raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.5% in the 4th quarter. Marshall Financial Group Inc. ADV now owns 35,148 shares of the company’s stock worth $2,821,000 after acquiring an additional 2,139 shares in the last quarter. Leeward Financial Partners LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 13.6% during the fourth quarter. Leeward Financial Partners LLC now owns 19,466 shares of the company’s stock worth $1,563,000 after purchasing an additional 2,325 shares during the period. Brookstone Capital Management increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 39.8% in the fourth quarter. Brookstone Capital Management now owns 43,401 shares of the company’s stock worth $3,484,000 after purchasing an additional 12,357 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $281,000. Finally, Timonier Family Office LTD. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth approximately $725,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 1.5 %

Shares of VCIT stock opened at $80.60 on Tuesday. The firm has a 50 day moving average of $81.23 and a 200-day moving average of $81.38. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $77.80 and a 52 week high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a $0.3189 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 4.75%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, April 1st.

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.