Baird Financial Group Inc. Acquires 594,990 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Baird Financial Group Inc. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 18.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,869,651 shares of the company’s stock after purchasing an additional 594,990 shares during the period. Baird Financial Group Inc. owned approximately 0.59% of Vanguard Intermediate-Term Corporate Bond ETF worth $320,872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Concorde Asset Management LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.0% in the first quarter. Concorde Asset Management LLC now owns 4,271 shares of the company’s stock valued at $347,000 after buying an additional 125 shares during the period. Silver Oak Advisory Group Inc. lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.1% during the 1st quarter. Silver Oak Advisory Group Inc. now owns 11,656 shares of the company’s stock valued at $953,000 after acquiring an additional 127 shares during the period. Berger Financial Group Inc grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.9% during the 1st quarter. Berger Financial Group Inc now owns 2,836 shares of the company’s stock worth $232,000 after purchasing an additional 133 shares in the last quarter. Leo Wealth LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.8% during the 2nd quarter. Leo Wealth LLC now owns 7,998 shares of the company’s stock worth $651,000 after purchasing an additional 143 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.5% in the first quarter. Ironwood Investment Counsel LLC now owns 29,043 shares of the company’s stock worth $2,375,000 after purchasing an additional 147 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.2%

VCIT stock opened at $84.18 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $78.66 and a 52 week high of $84.84. The business has a 50-day simple moving average of $84.11 and a 200 day simple moving average of $83.14.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were issued a dividend of $0.3223 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, December 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.