PNC Financial Services Group Inc. Purchases 244,977 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

PNC Financial Services Group Inc. boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,244,757 shares of the company’s stock after purchasing an additional 244,977 shares during the period. PNC Financial Services Group Inc. owned about 0.60% of Vanguard Intermediate-Term Corporate Bond ETF worth $355,498,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $30,000. Chapman Financial Group LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at approximately $31,000. United Financial Planning Group LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at approximately $34,000. Abich Financial Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at approximately $35,000. Finally, Founders Financial Alliance LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at approximately $45,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.4%

NASDAQ:VCIT opened at $81.54 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $80.42 and a 1 year high of $84.84. The firm has a 50 day moving average of $82.80 and a 200-day moving average of $83.56.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were paid a $0.3262 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

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.