Synovus Financial Corp Purchases 6,020 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Synovus Financial Corp raised its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,336 shares of the company’s stock after buying an additional 6,020 shares during the period. Synovus Financial Corp’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $4,907,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Redmont Wealth Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at approximately $271,000. Advisors Capital Management LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7.1% in the 3rd quarter. Advisors Capital Management LLC now owns 388,516 shares of the company’s stock valued at $32,678,000 after purchasing an additional 25,880 shares during the period. Axxcess Wealth Management LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 59.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 28,727 shares of the company’s stock valued at $2,416,000 after purchasing an additional 10,695 shares during the last quarter. Drucker Wealth 3.0 LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 201.6% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 51,737 shares of the company’s stock valued at $4,352,000 after purchasing an additional 34,584 shares during the last quarter. Finally, Rothschild Investment LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 17.4% during the 3rd quarter. Rothschild Investment LLC now owns 810 shares of the company’s stock worth $68,000 after purchasing an additional 120 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT opened at $84.50 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $78.66 and a fifty-two week high of $84.84. The firm has a 50-day moving average of $83.91 and a 200 day moving average of $83.89.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.33 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.7%.

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.