Vanguard Intermediate-Term Corporate Bond ETF $VCIT Shares Acquired by Summit Asset Management LLC

Summit Asset Management LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 393,087 shares of the company’s stock after buying an additional 10,330 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up 4.5% of Summit Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Summit Asset Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $32,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VCIT. Corient Private Wealth LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 438.6% during the 4th quarter. Corient Private Wealth LLC now owns 10,303,448 shares of the company’s stock valued at $862,914,000 after acquiring an additional 8,390,355 shares during the period. Morgan Stanley increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 22.4% during the fourth quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock worth $2,014,054,000 after purchasing an additional 4,399,400 shares during the period. Fisher Asset Management LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock worth $7,033,022,000 after purchasing an additional 3,339,026 shares during the period. Symetra Investment Management Co acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth about $259,274,000. Finally, Bank of America Corp DE lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.1% during the fourth quarter. Bank of America Corp DE now owns 84,849,444 shares of the company’s stock worth $7,106,141,000 after purchasing an additional 2,552,216 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

NASDAQ VCIT opened at $81.71 on Tuesday. The firm has a 50 day simple moving average of $82.26 and a 200-day simple moving average of $83.05. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $81.43 and a one year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.3319 per share. The ex-dividend date was Wednesday, July 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. 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.