Bessemer Group Inc. Purchases 256,976 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Bessemer Group Inc. boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 70.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 620,853 shares of the company’s stock after purchasing an additional 256,976 shares during the period. Bessemer Group Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $51,997,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. bought a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $30,000. Chapman Financial Group LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth about $31,000. United Financial Planning Group LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth about $34,000. Abich Financial Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth about $35,000. Finally, Founders Financial Alliance LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth about $45,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.6%

Shares of NASDAQ VCIT opened at $82.00 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $80.42 and a 1-year high of $84.84. The company has a 50-day moving average of $82.88 and a two-hundred day moving average of $83.61.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were paid a $0.3262 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

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. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.