HB Wealth Management LLC Makes New Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

HB Wealth Management LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,780 shares of the company’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 3.4% during the first quarter. JPMorgan Chase & Co. now owns 51,908,033 shares of the company’s stock worth $4,244,058,000 after acquiring an additional 1,718,299 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 10.7% during the first quarter. Envestnet Asset Management Inc. now owns 11,516,340 shares of the company’s stock worth $941,576,000 after buying an additional 1,110,990 shares during the period. Ameriprise Financial Inc. grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 10.9% during 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 period. Nepc LLC boosted its stake 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 purchasing an additional 490,792 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 5.8% in the first quarter. Raymond James Financial Inc. now owns 4,261,894 shares of the company’s stock valued at $348,452,000 after acquiring an additional 233,367 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.1%

VCIT opened at $84.06 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $78.66 and a 12-month high of $84.74. The firm’s fifty day moving average price is $83.56 and its 200 day moving average price is $82.19.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced 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) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend 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.