Passumpsic Savings Bank Makes New Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Passumpsic Savings Bank purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 149,128 shares of the company’s stock, valued at approximately $12,489,000. Vanguard Intermediate-Term Corporate Bond ETF comprises approximately 6.8% of Passumpsic Savings Bank’s holdings, making the stock its largest position.

A number of other hedge funds have also recently added to or reduced their stakes in VCIT. Brighton Jones LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 107.9% in the 4th quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock worth $716,000 after buying an additional 4,627 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 54,690 shares of the company’s stock worth $4,535,000 after buying an additional 2,300 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 67.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 298,502 shares of the company’s stock worth $24,752,000 after buying an additional 119,837 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 347.4% in the 2nd quarter. Squarepoint Ops LLC now owns 15,132 shares of the company’s stock worth $1,255,000 after buying an additional 11,750 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 8.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 18,100 shares of the company’s stock worth $1,501,000 after buying an additional 1,433 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCIT opened at $82.00 on Monday. The stock’s 50-day moving average price is $82.88 and its two-hundred day moving average price is $83.60. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $80.42 and a 12-month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were paid a $0.3262 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, May 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.