Arvest Investments Inc. Raises Stock Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Arvest Investments Inc. raised its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 15.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,253 shares of the company’s stock after buying an additional 9,376 shares during the period. Arvest Investments Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $5,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 145.6% during the fourth quarter. Truvestments Capital LLC now owns 334 shares of the company’s stock worth $27,000 after purchasing an additional 198 shares in the last quarter. Tortoise Investment Management LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $28,000. Midwest Capital Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $33,000. Transce3nd LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $35,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth about $38,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT stock opened at $81.62 on Thursday. The firm has a 50-day simple moving average of $80.93 and a 200-day simple moving average of $80.99. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $78.66 and a 52 week high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, June 2nd were given a dividend of $0.328 per share. The ex-dividend date was Monday, June 2nd. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32. This represents a $3.94 dividend on an annualized basis and a yield of 4.82%.

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.