Cedar Point Capital Partners LLC Acquires New Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Cedar Point Capital Partners LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,575 shares of the company’s stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Prudential PLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% in the 2nd quarter. Prudential PLC now owns 22,681,050 shares of the company’s stock valued at $1,812,896,000 after purchasing an additional 10,210,788 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% in the first quarter. JPMorgan Chase & Co. now owns 62,648,363 shares of the company’s stock worth $5,043,820,000 after purchasing an additional 3,892,110 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 41.0% during the second quarter. Envestnet Asset Management Inc. now owns 10,027,030 shares of the company’s stock valued at $801,460,000 after buying an additional 2,914,442 shares during the period. International Assets Investment Management LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 16,198.3% during the third quarter. International Assets Investment Management LLC now owns 2,382,811 shares of the company’s stock valued at $199,560,000 after buying an additional 2,368,191 shares during the period. Finally, Public Sector Pension Investment Board bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at about $127,888,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

NASDAQ VCIT opened at $80.74 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $75.43 and a 1-year high of $84.25. The stock has a 50-day moving average of $82.92 and a 200-day moving average of $81.21.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st will be given a $0.3166 dividend. The ex-dividend date is Friday, November 1st. This represents a $3.80 annualized dividend and a yield of 4.71%. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30.

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.