Legacy Financial Group LLC Invests $15.15 Million in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Legacy Financial Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 181,464 shares of the company’s stock, valued at approximately $15,154,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for 1.9% of Legacy Financial Group LLC’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth $30,000. Chapman Financial Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth about $31,000. United Financial Planning Group LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at about $34,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $35,000. Finally, Founders Financial Alliance LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at approximately $45,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock opened at $82.46 on Friday. The company’s 50 day moving average is $82.92 and its 200 day moving average is $83.62. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $80.42 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 issued a $0.3262 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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.