Prudential PLC Sells 3,088,535 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Prudential PLC cut its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,789,164 shares of the company’s stock after selling 3,088,535 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises about 6.5% of Prudential PLC’s investment portfolio, making the stock its 3rd biggest holding. Prudential PLC owned 1.94% of Vanguard Intermediate-Term Corporate Bond ETF worth $1,060,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 51,908,033 shares of the company’s stock worth $4,244,058,000 after purchasing an additional 1,718,299 shares in the last quarter. Creative Planning boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 2.0% during the second quarter. Creative Planning now owns 25,511,256 shares of the company’s stock worth $2,115,393,000 after buying an additional 505,937 shares in the last quarter. Ameriprise Financial Inc. grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 10.9% in the first quarter. Ameriprise Financial Inc. now owns 10,033,175 shares of the company’s stock worth $821,046,000 after buying an additional 987,197 shares during the last quarter. Wealthfront Advisers LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 69.4% in the second quarter. Wealthfront Advisers LLC now owns 4,871,726 shares of the company’s stock worth $403,964,000 after buying an additional 1,995,404 shares during the last quarter. Finally, Nepc LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 12.9% in the first quarter. Nepc LLC now owns 4,299,709 shares of the company’s stock valued at $351,544,000 after buying an additional 490,792 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT opened at $83.63 on Thursday. The stock’s fifty day simple moving average is $84.13 and its 200 day simple moving average is $82.91. 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 company also recently announced a monthly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were issued a $0.326 dividend. 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.