Vanguard Intermediate-Term Corporate Bond ETF $VCIT Shares Purchased by Summit Asset Management LLC

Summit Asset Management LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 4.1% during the third quarter, Holdings Channel.com reports. The firm owned 200,091 shares of the company’s stock after buying an additional 7,831 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up approximately 2.6% of Summit Asset Management LLC’s portfolio, making the stock its 16th biggest position. Summit Asset Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $16,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 5.0% in the second quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock worth $8,478,891,000 after acquiring an additional 4,850,259 shares during the period. Bank of America Corp DE lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 76,387,371 shares of the company’s stock valued at $6,334,041,000 after purchasing an additional 698,576 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 55,312,304 shares of the company’s stock worth $4,586,496,000 after purchasing an additional 3,404,271 shares during the period. Creative Planning grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.0% during the 2nd quarter. Creative Planning now owns 25,511,256 shares of the company’s stock worth $2,115,393,000 after purchasing an additional 505,937 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,372,500 shares of the company’s stock worth $872,431,000 after purchasing an additional 286,124 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT opened at $83.90 on Tuesday. The company’s 50-day moving average price is $83.85 and its 200 day moving average price is $83.82. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $78.66 and a 12-month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.33 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, February 2nd.

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.