Fortress Financial Solutions LLC Makes New Investment in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Fortress Financial Solutions LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 109,871 shares of the company’s stock, valued at approximately $8,604,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for approximately 7.3% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 39.6% during the first quarter. Bank of America Corp DE now owns 118,464,592 shares of the company’s stock valued at $9,802,945,000 after purchasing an additional 33,615,148 shares in the last quarter. Corient Private Wealth LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 438.6% in the 4th quarter. Corient Private Wealth LLC now owns 10,303,448 shares of the company’s stock valued at $862,914,000 after buying an additional 8,390,355 shares in the last quarter. Baird Financial Group Inc. grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 10.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,359,239 shares of the company’s stock valued at $608,241,000 after buying an additional 690,902 shares in the last quarter. Wealthfront Advisers LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 22.7% in the 1st quarter. Wealthfront Advisers LLC now owns 6,762,049 shares of the company’s stock valued at $559,560,000 after buying an additional 1,251,320 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 11.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,728,521 shares of the company’s stock valued at $391,285,000 after buying an additional 483,764 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

Vanguard Intermediate-Term Corporate Bond ETF stock traded up $0.05 during trading hours on Wednesday, hitting $78.53. 13,244,871 shares of the company traded hands, compared to its average volume of 11,082,745. The firm’s 50-day simple moving average is $80.01 and its two-hundred day simple moving average is $81.53. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $77.61 and a 1-year high of $84.84.

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.