Power Wealth Management LLC Acquires New Shares in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Power Wealth Management LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,300 shares of the company’s stock, valued at approximately $4,414,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 3.1% of Power Wealth Management LLC’s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds also recently made changes to their positions in VCIT. Pinnacle Associates Ltd. boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 8,135 shares of the company’s stock valued at $618,000 after acquiring an additional 378 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 7.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 34,191 shares of the company’s stock worth $2,598,000 after buying an additional 2,358 shares during the period. Independent Advisor Alliance raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 17.9% during the third quarter. Independent Advisor Alliance now owns 3,464 shares of the company’s stock valued at $263,000 after acquiring an additional 526 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.8% during the third quarter. Bank of New York Mellon Corp now owns 941,774 shares of the company’s stock worth $71,556,000 after purchasing an additional 51,652 shares during the period. Finally, Peak Financial Management Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 5.6% in the third quarter. Peak Financial Management Inc. now owns 119,567 shares of the company’s stock valued at $9,085,000 after purchasing an additional 6,328 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.6 %

NASDAQ:VCIT traded up $0.46 during trading hours on Friday, hitting $79.26. 6,946,854 shares of the company were exchanged, compared to its average volume of 8,051,373. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $73.78 and a one year high of $81.65. The company has a fifty day simple moving average of $79.46 and a 200 day simple moving average of $79.07.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.2919 per share. The ex-dividend date is Wednesday, 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.