Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Position Lifted by Marion Wealth Management

Marion Wealth Management increased its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,359 shares of the company’s stock after purchasing an additional 11,958 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF accounts for 7.8% of Marion Wealth Management’s investment portfolio, making the stock its largest position. Marion Wealth Management owned approximately 0.06% of Vanguard Intermediate-Term Corporate Bond ETF worth $29,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 6.4% in the 4th quarter. Fisher Asset Management LLC now owns 73,066,770 shares of the company’s stock valued at $5,938,867,000 after purchasing an additional 4,407,258 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the 1st quarter. JPMorgan Chase & Co. now owns 62,648,363 shares of the company’s stock worth $5,043,820,000 after purchasing an additional 3,892,110 shares during the period. Creative Planning boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.1% during the second quarter. Creative Planning now owns 23,672,489 shares of the company’s stock worth $1,892,142,000 after purchasing an additional 269,015 shares during the last quarter. Prudential PLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% in the second quarter. Prudential PLC now owns 22,681,050 shares of the company’s stock valued at $1,812,896,000 after purchasing an additional 10,210,788 shares during the period. Finally, LPL Financial LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 0.7% in the second quarter. LPL Financial LLC now owns 10,363,537 shares of the company’s stock valued at $828,357,000 after purchasing an additional 68,907 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCIT opened at $82.44 on Tuesday. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $73.78 and a 12-month high of $84.25. The stock’s 50-day moving average price is $82.94 and its two-hundred day moving average price is $80.87.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a $0.301 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.