RMG Wealth Management LLC Invests $784,000 in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

RMG Wealth Management LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,475 shares of the company’s stock, valued at approximately $784,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 0.1% of RMG Wealth Management LLC’s portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BridgePort Financial Solutions LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.6% in the 4th quarter. BridgePort Financial Solutions LLC now owns 21,027 shares of the company’s stock valued at $1,761,000 after purchasing an additional 120 shares during the last quarter. Valued Retirements Inc. raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.5% during the 4th quarter. Valued Retirements Inc. now owns 3,591 shares of the company’s stock valued at $301,000 after acquiring an additional 121 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 19.7% in the 4th quarter. MCF Advisors LLC now owns 754 shares of the company’s stock worth $63,000 after purchasing an additional 124 shares during the last quarter. Summit Wealth Partners LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.7% in the 4th quarter. Summit Wealth Partners LLC now owns 19,099 shares of the company’s stock worth $1,600,000 after purchasing an additional 134 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.5% during the first quarter. Silver Oak Securities Incorporated now owns 3,964 shares of the company’s stock worth $328,000 after purchasing an additional 134 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $81.12 on Friday. The business has a 50-day moving average of $82.19 and a 200-day moving average of $83.00. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $81.04 and a 1 year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a $0.3319 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.