Peak Financial Management Inc. Acquires 5,406 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Peak Financial Management Inc. boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.9% during the second quarter, Holdings Channel.com reports. The fund owned 143,086 shares of the company’s stock after acquiring an additional 5,406 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for 3.4% of Peak Financial Management Inc.’s investment portfolio, making the stock its 7th largest holding. Peak Financial Management Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $11,865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 196.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,337 shares of the company’s stock valued at $2,072,000 after purchasing an additional 16,776 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 36.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 310,258 shares of the company’s stock valued at $25,367,000 after purchasing an additional 83,149 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 123.7% in the 1st quarter. Fifth Third Bancorp now owns 4,442 shares of the company’s stock valued at $363,000 after purchasing an additional 2,456 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 0.6% in the 2nd quarter. Sage Rhino Capital LLC now owns 89,152 shares of the company’s stock valued at $7,392,000 after purchasing an additional 494 shares in the last quarter. Finally, Grandview Asset Management LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 5.1% in the 2nd quarter. Grandview Asset Management LLC now owns 13,352 shares of the company’s stock valued at $1,107,000 after purchasing an additional 643 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ:VCIT opened at $83.90 on Thursday. The company’s 50-day moving average is $83.64 and its two-hundred day moving average is $82.23. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $78.66 and a 12-month high of $84.74.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.326 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. 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.