Vanguard Intermediate-Term Corporate Bond ETF $VCIT Stake Cut by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lessened its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 22.8% in the second quarter, HoldingsChannel.com reports. The firm owned 106,174 shares of the company’s stock after selling 31,402 shares during the period. Orion Porfolio Solutions LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fisher Asset Management LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.0% during the second quarter. Fisher Asset Management LLC now owns 102,253,864 shares of the company’s stock worth $8,478,891,000 after purchasing an additional 4,850,259 shares during the period. Bank of America Corp DE raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 0.9% during the second quarter. Bank of America Corp DE now owns 76,387,371 shares of the company’s stock worth $6,334,041,000 after acquiring an additional 698,576 shares during the period. JPMorgan Chase & Co. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the second quarter. JPMorgan Chase & Co. now owns 55,312,304 shares of the company’s stock worth $4,586,496,000 after acquiring an additional 3,404,271 shares during the period. Creative Planning lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 2.0% in the second quarter. Creative Planning now owns 25,511,256 shares of the company’s stock worth $2,115,393,000 after acquiring an additional 505,937 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 10.9% in the first quarter. Ameriprise Financial Inc. now owns 10,033,175 shares of the company’s stock valued at $821,046,000 after acquiring an additional 987,197 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

NASDAQ:VCIT opened at $83.79 on Tuesday. The stock has a 50 day moving average of $84.09 and a 200-day moving average of $83.31. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $78.66 and a 52 week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, December 1st were paid a dividend of $0.3223 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, December 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.