Envestnet Asset Management Inc. Sells 1,731,868 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Envestnet Asset Management Inc. decreased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 15.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,434,239 shares of the company’s stock after selling 1,731,868 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $779,712,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VCIT. Bank of America Corp DE increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 39.6% in the 1st quarter. Bank of America Corp DE now owns 118,464,592 shares of the company’s stock valued at $9,802,945,000 after buying an additional 33,615,148 shares during the period. LPL Financial LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 10,895,493 shares of the company’s stock valued at $912,498,000 after acquiring an additional 604,588 shares during the period. Corient Private Wealth LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 438.6% in the fourth quarter. Corient Private Wealth LLC now owns 10,303,448 shares of the company’s stock valued at $862,914,000 after acquiring an additional 8,390,355 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 5.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,181,977 shares of the company’s stock valued at $852,741,000 after acquiring an additional 570,203 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 10.4% in the second quarter. Baird Financial Group Inc. now owns 7,359,239 shares of the company’s stock valued at $608,241,000 after acquiring an additional 690,902 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT stock traded down $0.81 during midday trading on Wednesday, reaching $79.14. The stock had a trading volume of 14,017,654 shares, compared to its average volume of 10,877,831. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $79.00 and a twelve month high of $84.84. The business has a fifty day simple moving average of $80.93 and a two-hundred day simple moving average of $82.02.

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.