CVS HEALTH Corp Acquires Shares of 60,000 Vanguard Intermediate-Term Corporate Bond ETF $VCIT

CVS HEALTH Corp bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 1st quarter, HoldingsChannel reports. The fund bought 60,000 shares of the company’s stock, valued at approximately $4,965,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 2.3% of CVS HEALTH Corp’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors have also recently made changes to their positions in the company. DecisionPoint Financial LLC lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock worth $45,195,000 after purchasing an additional 15,021 shares during the last quarter. First Horizon Corp grew its stake in shares of 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 valued at $976,000 after buying an additional 8,900 shares during the last quarter. Peak Financial Management Inc. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.2% in the fourth quarter. Peak Financial Management Inc. now owns 153,930 shares of the company’s stock worth $12,892,000 after buying an additional 6,194 shares during the period. Constellation Investments Inc. raised its holdings 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 worth $146,255,000 after buying an additional 633,750 shares during the period. Finally, Mechanics Bank Trust Department bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth approximately $1,816,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT opened at $81.71 on Tuesday. The business has a fifty day moving average of $82.26 and a 200 day moving average of $83.05. 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 Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.3319 per share. The ex-dividend date was Wednesday, July 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.