Summit Investment Advisors Inc. Boosts Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Summit Investment Advisors Inc. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,938 shares of the company’s stock after buying an additional 11,361 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF comprises 14.2% of Summit Investment Advisors Inc.’s portfolio, making the stock its 24th largest holding. Summit Investment Advisors Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $15,969,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Passumpsic Savings Bank lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 9.8% during the 3rd quarter. Passumpsic Savings Bank now owns 51,084 shares of the company’s stock valued at $4,278,000 after buying an additional 4,545 shares in the last quarter. World Investment Advisors LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 180.2% during the 3rd quarter. World Investment Advisors LLC now owns 10,887 shares of the company’s stock worth $912,000 after purchasing an additional 7,002 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 78.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 5,143 shares of the company’s stock valued at $431,000 after buying an additional 2,261 shares during the period. Tidal Investments LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 27.9% in the third quarter. Tidal Investments LLC now owns 15,425 shares of the company’s stock worth $1,287,000 after purchasing an additional 3,363 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 117.7% during the third quarter. Synovus Financial Corp now owns 23,452 shares of the company’s stock valued at $1,964,000 after acquiring an additional 12,679 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.3 %

Shares of VCIT stock opened at $79.56 on Friday. The stock has a fifty day simple moving average of $81.16 and a two-hundred day simple moving average of $81.26. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $77.80 and a twelve month high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.3189 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.83 dividend on an annualized basis and a yield of 4.81%. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32.

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.