Summit Asset Management LLC Acquires 10,330 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Summit Asset Management LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 393,087 shares of the company’s stock after acquiring an additional 10,330 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 4.5% of Summit Asset Management LLC’s holdings, making the stock its 7th largest holding. Summit Asset Management LLC owned approximately 0.05% of Vanguard Intermediate-Term Corporate Bond ETF worth $32,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VCIT. Stone Loft Wealth Management LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 1st quarter worth about $2,620,000. Glenview Trust Co lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 20.3% in the first quarter. Glenview Trust Co now owns 76,229 shares of the company’s stock valued at $6,308,000 after buying an additional 12,849 shares during the last quarter. CVS HEALTH Corp acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF in the first quarter valued at about $4,965,000. Cassaday & Co Wealth Management LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth about $211,000. Finally, Symetra Investment Management Co purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth about $259,274,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.3%

Shares of VCIT opened at $81.71 on Tuesday. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $81.43 and a 1-year high of $84.84. The firm has a 50-day simple moving average of $82.26 and a two-hundred day simple moving average of $83.05.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a dividend of $0.3319 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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. 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.