Patriot Investment Management Group Inc. Has $61.30 Million Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Patriot Investment Management Group Inc. boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 2.9% in the first quarter, Holdings Channel reports. The institutional investor owned 749,715 shares of the company’s stock after purchasing an additional 21,401 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for approximately 4.6% of Patriot Investment Management Group Inc.’s portfolio, making the stock its 4th biggest position. Patriot Investment Management Group Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $61,297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VCIT. Fisher Asset Management LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 92,783,951 shares of the company’s stock valued at $7,447,768,000 after purchasing an additional 4,289,340 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at $323,370,000. JPMorgan Chase & Co. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 50,189,734 shares of the company’s stock valued at $4,028,730,000 after purchasing an additional 2,992,971 shares during the last quarter. Bank of America Corp DE boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.5% during the 4th quarter. Bank of America Corp DE now owns 63,704,527 shares of the company’s stock valued at $5,113,562,000 after purchasing an additional 2,752,661 shares during the last quarter. Finally, Life Planning Partners Inc boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7,732.2% during the 4th quarter. Life Planning Partners Inc now owns 2,308,083 shares of the company’s stock valued at $185,270,000 after purchasing an additional 2,278,614 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.4%

Shares of VCIT opened at $81.91 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $78.66 and a 12 month high of $84.26. The business’s fifty day simple moving average is $80.95 and its two-hundred day simple moving average is $80.99.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, June 2nd were paid a $0.328 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32. This represents a $3.94 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, June 2nd.

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.