Financial Management Professionals Inc. Makes New $584,000 Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Financial Management Professionals Inc. bought a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,062 shares of the company’s stock, valued at approximately $584,000.

Other institutional investors also recently modified their holdings of the company. DecisionPoint Financial LLC raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock worth $45,195,000 after acquiring an additional 15,021 shares during the period. First Horizon Corp grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 323.9% during the 4th quarter. First Horizon Corp now owns 11,648 shares of the company’s stock valued at $976,000 after acquiring an additional 8,900 shares during the period. Marion Wealth Management grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.4% during the 4th quarter. Marion Wealth Management now owns 394,360 shares of the company’s stock valued at $33,083,000 after acquiring an additional 20,218 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 313,071 shares of the company’s stock worth $26,220,000 after purchasing an additional 21,264 shares during the last quarter. Finally, Van Strum & Towne Inc. increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 11.1% during the 4th quarter. Van Strum & Towne Inc. now owns 94,595 shares of the company’s stock worth $7,922,000 after purchasing an additional 9,488 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.4%

NASDAQ:VCIT opened at $81.07 on Tuesday. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $81.03 and a 12 month high of $84.84. The firm’s 50 day moving average is $81.96 and its 200 day moving average is $82.79.

Vanguard Intermediate-Term Corporate Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were paid a $0.3421 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 5.1%.

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.