Charles Schwab Investment Management Inc. Buys 2,395,580 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Charles Schwab Investment Management Inc. boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 81.4% in the fourth quarter, Holdings Channel reports. The firm owned 5,338,854 shares of the company’s stock after acquiring an additional 2,395,580 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $433,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,121,946 shares of the company’s stock valued at $91,192,000 after buying an additional 13,788 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at about $623,000. Lincoln National Corp increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 59.0% in the fourth quarter. Lincoln National Corp now owns 29,130 shares of the company’s stock worth $2,368,000 after purchasing an additional 10,813 shares during the period. Spire Wealth Management lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 10.4% during the 4th quarter. Spire Wealth Management now owns 12,613 shares of the company’s stock worth $1,013,000 after purchasing an additional 1,190 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 245.0% during the 4th quarter. W.H. Cornerstone Investments Inc. now owns 31,223 shares of the company’s stock valued at $2,538,000 after purchasing an additional 22,173 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.0 %

Shares of VCIT stock traded up $0.02 during trading hours on Tuesday, reaching $79.41. 5,956,268 shares of the company’s stock were exchanged, compared to its average volume of 8,000,124. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $73.78 and a fifty-two week high of $81.65. The business has a fifty day moving average price of $79.45 and a 200-day moving average price of $79.22.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, May 6th. Investors of record on Thursday, May 2nd were paid a dividend of $0.2919 per share. The ex-dividend date was Wednesday, May 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.