Vanguard Intermediate-Term Corporate Bond ETF $VCIT Shares Purchased by Powers Advisory Group LLC

Powers Advisory Group LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,084 shares of the company’s stock after buying an additional 18,732 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 5.3% of Powers Advisory Group LLC’s investment portfolio, making the stock its 4th biggest holding. Powers Advisory Group LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $15,150,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. DecisionPoint Financial LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock valued at $45,195,000 after purchasing an additional 15,021 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth approximately $715,000. First Horizon Corp raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 323.9% during the fourth quarter. First Horizon Corp now owns 11,648 shares of the company’s stock worth $976,000 after acquiring an additional 8,900 shares in the last quarter. Counterweight Ventures LLC lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 13.3% in the 4th quarter. Counterweight Ventures LLC now owns 61,155 shares of the company’s stock valued at $5,122,000 after purchasing an additional 7,179 shares during the last quarter. Finally, Constellation Investments Inc. lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 57.0% in the fourth quarter. Constellation Investments Inc. now owns 1,746,325 shares of the company’s stock valued at $146,255,000 after buying an additional 633,750 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1%

Shares of VCIT opened at $82.91 on Friday. The firm’s 50-day simple moving average is $82.56 and its 200 day simple moving average is $83.26. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $81.43 and a 52 week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a $0.3412 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.