Twin Cities Retirement Group LLC Invests $17.35 Million in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Twin Cities Retirement Group LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 207,213 shares of the company’s stock, valued at approximately $17,354,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 16.7% of Twin Cities Retirement Group LLC’s investment portfolio, making the stock its largest holding.

Several other large investors also recently modified their holdings of VCIT. Bank of America Corp DE increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.7% during the 3rd quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock worth $6,922,020,000 after purchasing an additional 5,909,857 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 93.8% in the 2nd quarter. Corient Private Wealth LLC now owns 3,915,948 shares of the company’s stock worth $324,711,000 after buying an additional 1,895,302 shares during the period. Buffalo Business & Estate Services Ltd. bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth approximately $135,327,000. HighTower Advisors LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 123.6% in the 4th quarter. HighTower Advisors LLC now owns 2,440,152 shares of the company’s stock worth $204,363,000 after buying an additional 1,348,722 shares during the period. Finally, Legacy Edge Advisors LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth approximately $104,008,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

VCIT opened at $82.22 on Friday. The company has a 50 day moving average of $82.71 and a 200 day moving average of $83.52. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $80.82 and a 12 month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

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

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.