Elevation Point Wealth Partners LLC Makes New $16.74 Million Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Elevation Point Wealth Partners LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 199,045 shares of the company’s stock, valued at approximately $16,742,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.2% of Elevation Point Wealth Partners LLC’s holdings, making the stock its 13th largest position.

Several other institutional investors and hedge funds have also modified their holdings of VCIT. Rothschild Investment LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 17.4% in the 3rd quarter. Rothschild Investment LLC now owns 810 shares of the company’s stock worth $68,000 after acquiring an additional 120 shares during the period. Topel & Distasi Wealth Management LLC raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 0.5% in the 3rd quarter. Topel & Distasi Wealth Management LLC now owns 25,872 shares of the company’s stock valued at $2,176,000 after acquiring an additional 131 shares during the last quarter. TI Trust Inc. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.4% during the 3rd quarter. TI Trust Inc. now owns 3,226 shares of the company’s stock worth $271,000 after purchasing an additional 135 shares during the period. Cedar Point Capital Partners LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.6% during the third quarter. Cedar Point Capital Partners LLC now owns 4,159 shares of the company’s stock worth $350,000 after purchasing an additional 145 shares during the last quarter. Finally, Stevens Capital Partners boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.2% during the third quarter. Stevens Capital Partners now owns 2,921 shares of the company’s stock worth $246,000 after purchasing an additional 145 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.3%

Shares of NASDAQ:VCIT opened at $82.46 on Friday. The business has a fifty day simple moving average of $83.96 and a 200-day simple moving average of $84.00. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $78.66 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 Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.3026 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, March 2nd.

Vanguard Intermediate-Term Corporate Bond ETF Company 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. 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.