Elevation Point Wealth Partners LLC Invests $16.74 Million in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Elevation Point Wealth Partners LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 199,045 shares of the company’s stock, valued at approximately $16,742,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 1.2% of Elevation Point Wealth Partners LLC’s portfolio, making the stock its 13th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in VCIT. Bank of America Corp DE increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 7.7% in the 3rd quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock valued at $6,922,020,000 after purchasing an additional 5,909,857 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of 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 worth $8,478,891,000 after purchasing an additional 4,850,259 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the second quarter. JPMorgan Chase & Co. now owns 55,312,304 shares of the company’s stock worth $4,586,496,000 after purchasing an additional 3,404,271 shares in the last quarter. Corient Private Wealth LLC boosted its position 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 buying an additional 1,895,302 shares during the period. Finally, Creative Planning grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.6% in the third quarter. Creative Planning now owns 26,438,339 shares of the company’s stock valued at $2,223,729,000 after buying an additional 927,083 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.3%

Shares of NASDAQ:VCIT opened at $82.46 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $78.66 and a one year high of $84.84. The business’s 50-day simple moving average is $83.96 and its 200 day simple moving average is $84.00.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3026 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.4%.

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. 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.