Novem Group Boosts Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Novem Group lifted its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 21.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,637 shares of the company’s stock after acquiring an additional 6,914 shares during the period. Novem Group’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 4.5% in the fourth quarter. Bank of America Corp DE now owns 63,704,527 shares of the company’s stock worth $5,113,562,000 after purchasing an additional 2,752,661 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 50,189,734 shares of the company’s stock valued at $4,028,730,000 after buying an additional 2,992,971 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.1% during the 4th quarter. Royal Bank of Canada now owns 11,856,196 shares of the company’s stock valued at $951,697,000 after buying an additional 472,145 shares in the last quarter. LPL Financial LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.2% in the 4th quarter. LPL Financial LLC now owns 11,292,264 shares of the company’s stock worth $906,430,000 after buying an additional 553,333 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,405,350 shares of the company’s stock worth $835,237,000 after buying an additional 64,467 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.0%

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.58 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $78.66 and a 1 year high of $84.26. The company has a 50-day moving average of $81.48 and a 200 day moving average of $81.02.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st will be issued a $0.3207 dividend. This represents a $3.85 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, 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.