Summit Asset Management LLC Boosts Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Summit Asset Management LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,091 shares of the company’s stock after purchasing an additional 7,831 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up approximately 2.6% of Summit Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Summit Asset Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $16,830,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Fisher Asset Management LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.0% in the second quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock worth $8,478,891,000 after buying an additional 4,850,259 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 3,404,271 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 69.4% in the 2nd quarter. Wealthfront Advisers LLC now owns 4,871,726 shares of the company’s stock valued at $403,964,000 after acquiring an additional 1,995,404 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 93.8% in the 2nd 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 in the last quarter. Finally, National Bank of Canada FI lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 1,249.1% in the 2nd quarter. National Bank of Canada FI now owns 865,566 shares of the company’s stock worth $71,772,000 after purchasing an additional 801,407 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $83.90 on Tuesday. The stock’s 50 day simple moving average is $83.85 and its 200-day simple moving average is $83.82. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $78.66 and a 1-year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.33 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Monday, February 2nd.

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.