RMG Wealth Management LLC Makes New $784,000 Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

RMG Wealth Management LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,475 shares of the company’s stock, valued at approximately $784,000. Vanguard Intermediate-Term Corporate Bond ETF makes up 0.1% of RMG Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other hedge funds have also modified their holdings of VCIT. Brown Brothers Harriman & Co. grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. HHM Wealth Advisors LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth about $29,000. Monetary Solutions Ltd acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth approximately $30,000. Richards Merrill & Peterson Inc. acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth approximately $30,000. Finally, Chapman Financial Group LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth approximately $31,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.3%

VCIT stock opened at $81.12 on Friday. The business has a fifty day moving average price of $82.19 and a 200 day moving average price of $83.00. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $81.04 and a fifty-two 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 paid a $0.3319 dividend. 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.