BAM Wealth Management LLC Acquires New Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

BAM Wealth Management LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,658 shares of the company’s stock, valued at approximately $1,569,000. Vanguard Intermediate-Term Corporate Bond ETF makes up about 1.2% of BAM Wealth Management LLC’s investment portfolio, making the stock its 17th largest position.

Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.0% in the 2nd quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock valued at $8,478,891,000 after buying an additional 4,850,259 shares in the last quarter. Bank of America Corp DE grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 0.9% in the second quarter. Bank of America Corp DE now owns 76,387,371 shares of the company’s stock valued at $6,334,041,000 after acquiring an additional 698,576 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% in the second quarter. JPMorgan Chase & Co. now owns 55,312,304 shares of the company’s stock worth $4,586,496,000 after acquiring an additional 3,404,271 shares in the last quarter. Creative Planning raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.0% during the second quarter. Creative Planning now owns 25,511,256 shares of the company’s stock worth $2,115,393,000 after purchasing an additional 505,937 shares during the period. Finally, Wealthfront Advisers LLC raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 69.4% during the second quarter. Wealthfront Advisers LLC now owns 4,871,726 shares of the company’s stock worth $403,964,000 after purchasing an additional 1,995,404 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1%

Shares of VCIT opened at $83.89 on Friday. The stock has a 50 day simple moving average of $83.91 and a 200 day simple moving average of $83.68. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $78.66 and a 52-week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

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

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. 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.