M&T Bank Corp Sells 300 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

M&T Bank Corp lowered its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,168 shares of the company’s stock after selling 300 shares during the quarter. M&T Bank Corp’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $341,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 50,189,734 shares of the company’s stock worth $4,028,730,000 after purchasing an additional 2,992,971 shares during the period. Bank of America Corp DE raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.5% in the fourth quarter. Bank of America Corp DE now owns 63,704,527 shares of the company’s stock valued at $5,113,562,000 after buying an additional 2,752,661 shares during the period. Envestnet Asset Management Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 10.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,516,340 shares of the company’s stock worth $941,576,000 after acquiring an additional 1,110,990 shares during the last quarter. American Family Investments Inc. lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 51.9% during the fourth quarter. American Family Investments Inc. now owns 2,677,000 shares of the company’s stock valued at $214,883,000 after purchasing an additional 915,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 10.2% in the fourth quarter. Wells Fargo & Company MN now owns 9,154,276 shares of the company’s stock worth $734,814,000 after purchasing an additional 845,313 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ:VCIT opened at $82.06 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $78.66 and a 1 year high of $84.26. The stock’s fifty day moving average price is $81.68 and its two-hundred day moving average price is $81.14.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Tuesday, July 1st were given a dividend of $0.3207 per share. The ex-dividend date was Tuesday, July 1st. This represents a $3.85 dividend on an annualized basis and a dividend yield of 4.69%.

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.