WestEnd Advisors LLC Trims Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

WestEnd Advisors LLC trimmed its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 622,997 shares of the company’s stock after selling 57,775 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.3% of WestEnd Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. WestEnd Advisors LLC owned approximately 0.09% of Vanguard Intermediate-Term Corporate Bond ETF worth $51,660,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 51,908,033 shares of the company’s stock valued at $4,244,058,000 after acquiring an additional 1,718,299 shares during the period. Envestnet Asset Management Inc. increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 10.7% during the 1st 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. increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 10.9% during the 1st 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 increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 12.9% during the 1st quarter. Nepc LLC now owns 4,299,709 shares of the company’s stock worth $351,544,000 after buying an additional 490,792 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 5.8% during the 1st quarter. Raymond James Financial Inc. now owns 4,261,894 shares of the company’s stock worth $348,452,000 after buying an additional 233,367 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

Shares of VCIT opened at $84.00 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $78.66 and a fifty-two week high of $84.74. The firm’s 50 day moving average price is $83.62 and its 200 day moving average price is $82.22.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared 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) annualized dividend and a yield of 4.7%. The ex-dividend date was Wednesday, October 1st.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.