Prudential Financial Inc. Makes New Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Prudential Financial Inc. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 188,364 shares of the company’s stock, valued at approximately $15,619,000.

A number of other hedge funds have also recently made changes to their positions in VCIT. Brighton Jones LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 107.9% in the 4th quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock worth $716,000 after purchasing an additional 4,627 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 1st quarter valued at approximately $188,000. MMA Asset Management LLC raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.4% during the first quarter. MMA Asset Management LLC now owns 103,102 shares of the company’s stock valued at $8,430,000 after buying an additional 4,358 shares during the last quarter. First National Trust Co lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.0% in the first quarter. First National Trust Co now owns 202,179 shares of the company’s stock worth $16,530,000 after buying an additional 13,209 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 175.6% in the first quarter. Arkadios Wealth Advisors now owns 9,632 shares of the company’s stock worth $788,000 after buying an additional 6,137 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

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

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed 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 dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, October 1st.

Vanguard Intermediate-Term Corporate Bond ETF 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.