Portfolio Resources Advisor Group Inc. Takes $891,000 Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Portfolio Resources Advisor Group Inc. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,634 shares of the company’s stock, valued at approximately $891,000. Vanguard Intermediate-Term Corporate Bond ETF makes up approximately 0.9% of Portfolio Resources Advisor Group Inc.’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VCIT. Brighton Jones LLC raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 107.9% during the 4th quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock valued at $716,000 after buying an additional 4,627 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 54,690 shares of the company’s stock worth $4,535,000 after acquiring an additional 2,300 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 67.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 298,502 shares of the company’s stock worth $24,752,000 after acquiring an additional 119,837 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 347.4% in the 2nd quarter. Squarepoint Ops LLC now owns 15,132 shares of the company’s stock worth $1,255,000 after acquiring an additional 11,750 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 8.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 18,100 shares of the company’s stock valued at $1,501,000 after purchasing an additional 1,433 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock opened at $82.45 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $81.43 and a one year high of $84.84. The company’s 50-day moving average is $82.66 and its 200 day moving average is $83.37.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were given a dividend of $0.3412 per share. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend 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.