Summit Asset Management LLC Buys New Shares in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Summit Asset Management LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 183,934 shares of the company’s stock, valued at approximately $14,764,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 2.6% of Summit Asset Management LLC’s investment portfolio, making the stock its 16th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 16,198.3% during the third quarter. International Assets Investment Management LLC now owns 2,382,811 shares of the company’s stock valued at $199,560,000 after acquiring an additional 2,368,191 shares during the period. Life Planning Partners Inc raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7,732.2% during the fourth quarter. Life Planning Partners Inc now owns 2,308,083 shares of the company’s stock valued at $185,270,000 after acquiring an additional 2,278,614 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 47,196,763 shares of the company’s stock valued at $3,952,729,000 after acquiring an additional 1,165,222 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1,284.5% during the third quarter. Benjamin Edwards Inc. now owns 677,989 shares of the company’s stock valued at $56,782,000 after acquiring an additional 629,019 shares during the period. Finally, Constellation Investments Inc. acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at approximately $50,169,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT stock opened at $81.21 on Friday. The company’s 50 day simple moving average is $80.45 and its 200-day simple moving average is $81.71. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.80 and a 52-week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a $0.3129 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.31.

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.