Sovereign Financial Group Inc. Invests $349,000 in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Sovereign Financial Group Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,298 shares of the company’s stock, valued at approximately $349,000.

Other large investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the fourth quarter. Fisher Asset Management LLC now owns 73,219,949 shares of the company’s stock worth $5,951,318,000 after acquiring an additional 4,560,437 shares during the last quarter. Royal Bank of Canada grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.2% during the third quarter. Royal Bank of Canada now owns 10,642,263 shares of the company’s stock valued at $808,597,000 after purchasing an additional 1,933,732 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.8% in the third quarter. LPL Financial LLC now owns 10,439,091 shares of the company’s stock worth $793,162,000 after purchasing an additional 385,801 shares during the last quarter. Prudential PLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% in the third quarter. Prudential PLC now owns 9,778,515 shares of the company’s stock worth $742,972,000 after buying an additional 4,402,033 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7.6% during the third quarter. Morgan Stanley now owns 9,343,865 shares of the company’s stock valued at $709,947,000 after buying an additional 661,996 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ VCIT traded up $0.02 during trading on Tuesday, hitting $79.41. 5,956,268 shares of the stock traded hands, compared to its average volume of 8,000,124. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $73.78 and a 12-month high of $81.65. The firm has a 50-day simple moving average of $79.45 and a 200-day simple moving average of $79.22.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, May 6th. Investors of record on Thursday, May 2nd were given a $0.2919 dividend. The ex-dividend date of this dividend was Wednesday, May 1st.

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.