Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Reaches New 52-Week High at $82.54

Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) hit a new 52-week high on Wednesday . The company traded as high as $82.54 and last traded at $82.53, with a volume of 117042 shares traded. The stock had previously closed at $82.38.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

The company has a 50 day moving average price of $80.72 and a 200-day moving average price of $80.01.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 5th. Investors of record on Thursday, August 1st were issued a $0.3011 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.61 annualized dividend and a yield of 4.37%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.27.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VCIT. Bank of Montreal Can boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 121.4% during the 2nd quarter. Bank of Montreal Can now owns 1,268,991 shares of the company’s stock valued at $102,040,000 after purchasing an additional 695,871 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 1.9% in the second quarter. Evergreen Capital Management LLC now owns 83,067 shares of the company’s stock worth $6,640,000 after buying an additional 1,551 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth about $127,888,000. Harmony Asset Management LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 12.5% during the 2nd quarter. Harmony Asset Management LLC now owns 5,660 shares of the company’s stock valued at $452,000 after acquiring an additional 629 shares in the last quarter. Finally, Arista Wealth Management LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 166.5% during the 2nd quarter. Arista Wealth Management LLC now owns 473,542 shares of the company’s stock worth $37,850,000 after acquiring an additional 295,880 shares during the period.

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.