Financial Advisory Partners LLC Has $49.33 Million Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Financial Advisory Partners LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 586,438 shares of the company’s stock after acquiring an additional 29,811 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up about 14.4% of Financial Advisory Partners LLC’s holdings, making the stock its largest holding. Financial Advisory Partners LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $49,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of VCIT. Fisher Asset Management LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 5.0% during the second quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock valued at $8,478,891,000 after acquiring an additional 4,850,259 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 55,312,304 shares of the company’s stock valued at $4,586,496,000 after purchasing an additional 3,404,271 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 69.4% during the second quarter. Wealthfront Advisers LLC now owns 4,871,726 shares of the company’s stock valued at $403,964,000 after purchasing an additional 1,995,404 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 93.8% in the second quarter. Corient Private Wealth LLC now owns 3,915,948 shares of the company’s stock worth $324,711,000 after purchasing an additional 1,895,302 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5,086,135.3% in the second quarter. Mather Group LLC. now owns 864,660 shares of the company’s stock worth $71,698,000 after purchasing an additional 864,643 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $83.96 on Thursday. The stock has a 50 day moving average of $83.90 and a 200 day moving average of $83.57. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $78.66 and a 12 month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were given a dividend of $0.3223 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, December 1st.

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. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.