Pacific Wealth Management Makes New $12.47 Million Investment in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Pacific Wealth Management purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 153,363 shares of the company’s stock, valued at approximately $12,465,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 7.1% of Pacific Wealth Management’s portfolio, making the stock its 4th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Advisory Inc. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.3% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 54,490,316 shares of the company’s stock worth $4,688,347,000 after purchasing an additional 2,231,681 shares during the period. Meiji Yasuda Life Insurance Co grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 27.7% during the first quarter. Meiji Yasuda Life Insurance Co now owns 17,339,000 shares of the company’s stock valued at $1,491,848,000 after acquiring an additional 3,759,000 shares during the period. Goldman Sachs Group Inc. increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 16.3% during the second quarter. Goldman Sachs Group Inc. now owns 10,856,427 shares of the company’s stock worth $857,983,000 after acquiring an additional 1,525,051 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.2% in the 3rd 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. Finally, LPL Financial LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 3.8% during the third quarter. LPL Financial LLC now owns 10,439,091 shares of the company’s stock worth $793,162,000 after buying an additional 385,801 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.2 %

NASDAQ:VCIT traded down $0.15 during mid-day trading on Thursday, hitting $78.19. The company had a trading volume of 4,637,347 shares, compared to its average volume of 8,079,129. The business has a fifty day simple moving average of $79.77 and a 200-day simple moving average of $78.83. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $73.78 and a 1 year high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.2944 per share. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.28.

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.