Vanguard Intermediate-Term Corporate Bond ETF $VCIT Shares Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 27.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,510 shares of the company’s stock after buying an additional 34,492 shares during the period. Beacon Pointe Advisors LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $13,144,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VCIT. Fisher Asset Management LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.0% in the second quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock valued at $8,478,891,000 after acquiring an additional 4,850,259 shares in the last quarter. JPMorgan Chase & Co. raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 55,312,304 shares of the company’s stock valued at $4,586,496,000 after purchasing an additional 3,404,271 shares in the last quarter. Wealthfront Advisers LLC raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 69.4% in the 2nd quarter. Wealthfront Advisers LLC now owns 4,871,726 shares of the company’s stock valued at $403,964,000 after purchasing an additional 1,995,404 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of 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 in the last quarter. Finally, Mather Group LLC. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5,086,135.3% during the second quarter. Mather Group LLC. now owns 864,660 shares of the company’s stock worth $71,698,000 after buying an additional 864,643 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

Shares of NASDAQ:VCIT opened at $84.00 on Wednesday. The firm’s 50 day moving average price is $84.11 and its 200 day moving average price is $83.13. 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 company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st will be issued a $0.3223 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, December 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.