Passumpsic Savings Bank Invests $12.49 Million in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Passumpsic Savings Bank acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the fourth quarter, HoldingsChannel reports. The firm acquired 149,128 shares of the company’s stock, valued at approximately $12,489,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for 6.8% of Passumpsic Savings Bank’s holdings, making the stock its biggest position.

A number of other large investors also recently modified their holdings of VCIT. Brighton Jones LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 107.9% in the 4th quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock worth $716,000 after purchasing an additional 4,627 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 54,690 shares of the company’s stock worth $4,535,000 after purchasing an additional 2,300 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 67.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 298,502 shares of the company’s stock worth $24,752,000 after purchasing an additional 119,837 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 347.4% in the 2nd quarter. Squarepoint Ops LLC now owns 15,132 shares of the company’s stock worth $1,255,000 after purchasing an additional 11,750 shares during the period. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 8.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 18,100 shares of the company’s stock worth $1,501,000 after purchasing an additional 1,433 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.00 on Monday. The stock’s 50-day moving average is $82.88 and its 200-day moving average is $83.60. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $80.42 and a 12 month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were issued a dividend of $0.3262 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Friday, May 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.