Northwest Capital Management Inc Invests $2.67 Million in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Northwest Capital Management Inc acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,238 shares of the company’s stock, valued at approximately $2,673,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.4% of Northwest Capital Management Inc’s portfolio, making the stock its 18th biggest position.

A number of other hedge funds have also made changes to their positions in VCIT. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 51,908,033 shares of the company’s stock valued at $4,244,058,000 after acquiring an additional 1,718,299 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 10.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,516,340 shares of the company’s stock valued at $941,576,000 after acquiring an additional 1,110,990 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 10.9% in the 1st quarter. Ameriprise Financial Inc. now owns 10,033,175 shares of the company’s stock valued at $821,046,000 after acquiring an additional 987,197 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5,086,135.3% in the 2nd quarter. Mather Group LLC. now owns 864,660 shares of the company’s stock valued at $71,698,000 after acquiring an additional 864,643 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 11,596.4% in the 2nd quarter. Venturi Wealth Management LLC now owns 668,447 shares of the company’s stock valued at $55,428,000 after acquiring an additional 662,732 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.3%

VCIT opened at $84.18 on Tuesday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $78.66 and a one year high of $84.74. The business’s 50-day simple moving average is $83.70 and its 200-day simple moving average is $82.30.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 3rd. Investors of record on Wednesday, October 1st were paid a dividend of $0.326 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Wednesday, October 1st.

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.