Manning & Napier Advisors LLC Has $10.52 Million Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Manning & Napier Advisors LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 22.1% in the first quarter, HoldingsChannel reports. The firm owned 127,106 shares of the company’s stock after purchasing an additional 22,965 shares during the period. Manning & Napier Advisors LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $10,518,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VCIT. Bank of America Corp DE boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 3.1% during the fourth quarter. Bank of America Corp DE now owns 84,849,444 shares of the company’s stock worth $7,106,141,000 after acquiring an additional 2,552,216 shares in the last quarter. Fisher Asset Management LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock valued at $7,033,022,000 after purchasing an additional 3,339,026 shares in the last quarter. Creative Planning raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.6% during the third quarter. Creative Planning now owns 26,438,339 shares of the company’s stock valued at $2,223,729,000 after purchasing an additional 927,083 shares during the period. Morgan Stanley raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.4% during the fourth quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock valued at $2,014,054,000 after purchasing an additional 4,399,400 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.9% during the 4th quarter. LPL Financial LLC now owns 10,895,493 shares of the company’s stock worth $912,498,000 after purchasing an additional 604,588 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock traded down $0.11 on Friday, reaching $81.81. 7,594,501 shares of the company were exchanged, compared to its average volume of 11,592,167. The company has a 50-day moving average of $82.38 and a 200-day moving average of $83.14. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $81.43 and a one year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.3319 dividend. The ex-dividend date was Wednesday, July 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. 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.