Vanguard Intermediate-Term Corporate Bond ETF $VCIT Stake Lifted by Summit Asset Management LLC

Summit Asset Management LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 91.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 382,757 shares of the company’s stock after acquiring an additional 182,666 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF comprises about 4.5% of Summit Asset Management LLC’s holdings, making the stock its 7th largest holding. Summit Asset Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $32,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DecisionPoint Financial LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.9% during the 4th 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. Coyle Financial Counsel LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 17.1% in the 3rd quarter. Coyle Financial Counsel LLC now owns 173,219 shares of the company’s stock worth $14,569,000 after purchasing an additional 25,336 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $715,000. Atria Investments Inc boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 9.4% in the 3rd quarter. Atria Investments Inc now owns 159,010 shares of the company’s stock worth $13,374,000 after purchasing an additional 13,632 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 234,801 shares of the company’s stock worth $19,749,000 after purchasing an additional 17,222 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $82.22 on Friday. The business’s 50 day moving average price is $82.71 and its 200-day moving average price is $83.52. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $80.82 and a 52 week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were given a $0.3262 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend 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.