Summit Financial LLC Purchases 12,854 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Summit Financial LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 11.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 127,831 shares of the company’s stock after buying an additional 12,854 shares during the period. Summit Financial LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $10,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Marshall Financial Group Inc. ADV raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.5% during the 4th quarter. Marshall Financial Group Inc. ADV now owns 35,148 shares of the company’s stock valued at $2,821,000 after buying an additional 2,139 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 39.8% in the 4th quarter. Brookstone Capital Management now owns 43,401 shares of the company’s stock valued at $3,484,000 after acquiring an additional 12,357 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $281,000. Timonier Family Office LTD. bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $725,000. Finally, Laraway Financial Advisors Inc boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 24.8% during the third quarter. Laraway Financial Advisors Inc now owns 4,298 shares of the company’s stock valued at $360,000 after purchasing an additional 853 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.5 %

Shares of NASDAQ VCIT opened at $81.67 on Monday. The firm’s fifty day moving average is $81.10 and its 200 day moving average is $81.48. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $77.80 and a 52 week high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a $0.2865 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.