Powers Advisory Group LLC Has $5.76 Million Stock Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Powers Advisory Group LLC lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 16.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,069 shares of the company’s stock after acquiring an additional 9,968 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 3.1% of Powers Advisory Group LLC’s portfolio, making the stock its 11th largest holding. Powers Advisory Group LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $5,760,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VCIT. Fisher Asset Management LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the fourth quarter. Fisher Asset Management LLC now owns 73,219,949 shares of the company’s stock worth $5,951,318,000 after buying an additional 4,560,437 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the first quarter. JPMorgan Chase & Co. now owns 62,648,363 shares of the company’s stock worth $5,043,820,000 after buying an additional 3,892,110 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 81.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,338,854 shares of the company’s stock worth $433,942,000 after buying an additional 2,395,580 shares in the last quarter. Nepc LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth $163,910,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 19.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 9,590,500 shares of the company’s stock worth $779,516,000 after buying an additional 1,585,673 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.5 %

Shares of NASDAQ VCIT traded up $0.43 during midday trading on Friday, reaching $83.15. 5,063,519 shares of the company traded hands, compared to its average volume of 6,959,416. The stock’s 50-day simple moving average is $81.10 and its 200-day simple moving average is $80.11. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $73.78 and a 12 month high of $83.18.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 5th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.3011 per share. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.27. This represents a $3.61 dividend on an annualized basis and a dividend yield of 4.35%.

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.