Bank of America Corp DE Boosts Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Bank of America Corp DE boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 39.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,464,592 shares of the company’s stock after acquiring an additional 33,615,148 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 0.7% of Bank of America Corp DE’s holdings, making the stock its 25th biggest position. Bank of America Corp DE owned 15.26% of Vanguard Intermediate-Term Corporate Bond ETF worth $9,802,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VCIT. Brown Brothers Harriman & Co. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. HHM Wealth Advisors LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the first quarter valued at approximately $29,000. Monetary Solutions Ltd purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $30,000. Richards Merrill & Peterson Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at approximately $30,000. Finally, Chapman Financial Group LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $31,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT stock opened at $81.26 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $81.04 and a one year high of $84.84. The firm has a 50 day simple moving average of $82.14 and a two-hundred day simple moving average of $82.93.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.3319 per share. The ex-dividend date was Wednesday, July 1st.

Vanguard Intermediate-Term Corporate Bond ETF 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. 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.