Summit Asset Management LLC Acquires New Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Summit Asset Management LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 183,934 shares of the company’s stock, valued at approximately $14,764,000. Vanguard Intermediate-Term Corporate Bond ETF comprises about 2.6% of Summit Asset Management LLC’s holdings, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of VCIT. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 47,196,763 shares of the company’s stock worth $3,952,729,000 after acquiring an additional 1,165,222 shares during the period. LPL Financial LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.6% in the 3rd quarter. LPL Financial LLC now owns 10,738,931 shares of the company’s stock worth $899,385,000 after acquiring an additional 375,394 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,646,603 shares of the company’s stock worth $305,403,000 after acquiring an additional 113,864 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 16,198.3% in the 3rd quarter. International Assets Investment Management LLC now owns 2,382,811 shares of the company’s stock worth $199,560,000 after acquiring an additional 2,368,191 shares during the period. Finally, Life Planning Partners Inc lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7,732.2% in the 4th quarter. Life Planning Partners Inc now owns 2,308,083 shares of the company’s stock worth $185,270,000 after acquiring an additional 2,278,614 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.3 %

Shares of NASDAQ:VCIT opened at $81.21 on Friday. The company has a 50 day moving average of $80.45 and a 200-day moving average of $81.71. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $77.80 and a twelve month high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a dividend of $0.3129 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.31.

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.