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) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,298 shares of the company’s stock, valued at approximately $349,000.

Several other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the 4th quarter. Fisher Asset Management LLC now owns 73,219,949 shares of the company’s stock worth $5,951,318,000 after purchasing an additional 4,560,437 shares during the last quarter. Prudential PLC raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 81.9% in the 3rd quarter. Prudential PLC now owns 9,778,515 shares of the company’s stock valued at $742,972,000 after acquiring an additional 4,402,033 shares during the last quarter. Johns Hopkins University purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $246,285,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 46,962.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,943,274 shares of the company’s stock worth $223,630,000 after purchasing an additional 2,937,020 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 36.2% in the third quarter. Ameriprise Financial Inc. now owns 8,513,980 shares of the company’s stock valued at $647,208,000 after purchasing an additional 2,262,458 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCIT traded up $0.02 during midday trading on Tuesday, hitting $79.41. The company had a trading volume of 5,956,268 shares, compared to its average volume of 8,000,124. The business’s 50-day simple moving average is $79.45 and its 200-day simple moving average is $79.22. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $73.78 and a twelve month high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

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

Vanguard Intermediate-Term Corporate Bond ETF 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.