JPMorgan Chase & Co. Has $4.30 Billion Stake in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

JPMorgan Chase & Co. trimmed its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,306,322 shares of the company’s stock after selling 1,965,045 shares during the period. JPMorgan Chase & Co. owned 0.07% of Vanguard Intermediate-Term Corporate Bond ETF worth $4,296,905,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $30,000. Chapman Financial Group LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at about $31,000. United Financial Planning Group LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at about $34,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at about $35,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $81.91 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $81.00 and a 52-week high of $84.84. The stock has a 50-day simple moving average of $82.67 and a 200-day simple moving average of $83.43.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a $0.3412 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 5.0%.

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. 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.