Sumitomo Mitsui Financial Group Inc. Decreases Stake in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Sumitomo Mitsui Financial Group Inc. lowered its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 12.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,499 shares of the company’s stock after selling 6,057 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,690,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VCIT. JPMorgan Chase & Co. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% in the second quarter. JPMorgan Chase & Co. now owns 55,312,304 shares of the company’s stock valued at $4,586,496,000 after buying an additional 3,404,271 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 69.4% in the 2nd quarter. Wealthfront Advisers LLC now owns 4,871,726 shares of the company’s stock valued at $403,964,000 after purchasing an additional 1,995,404 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 10.9% during the first quarter. Ameriprise Financial Inc. now owns 10,033,175 shares of the company’s stock worth $821,046,000 after purchasing an additional 987,197 shares during the last quarter. Mather Group LLC. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 5,086,135.3% during the second quarter. Mather Group LLC. now owns 864,660 shares of the company’s stock worth $71,698,000 after purchasing an additional 864,643 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 11,596.4% during the second quarter. Venturi Wealth Management LLC now owns 668,447 shares of the company’s stock worth $55,428,000 after purchasing an additional 662,732 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT stock opened at $84.62 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $78.66 and a fifty-two week high of $84.84. The business has a fifty day simple moving average of $84.11 and a 200-day simple moving average of $83.02.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.326 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Wednesday, October 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.