Stone Point Wealth LLC Raises Stock Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Stone Point Wealth LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 19.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,677 shares of the company’s stock after buying an additional 16,023 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF comprises about 2.6% of Stone Point Wealth LLC’s investment portfolio, making the stock its 5th biggest position. Stone Point Wealth LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% in the 1st quarter. JPMorgan Chase & Co. now owns 62,648,363 shares of the company’s stock worth $5,043,820,000 after buying an additional 3,892,110 shares during the last quarter. Creative Planning increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.7% in the 3rd quarter. Creative Planning now owns 24,067,807 shares of the company’s stock worth $2,015,679,000 after buying an additional 395,318 shares during the last quarter. Prudential PLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% in the 2nd quarter. Prudential PLC now owns 22,681,050 shares of the company’s stock worth $1,812,896,000 after buying an additional 10,210,788 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.7% in the 2nd quarter. LPL Financial LLC now owns 10,363,537 shares of the company’s stock worth $828,357,000 after buying an additional 68,907 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 41.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,027,030 shares of the company’s stock worth $801,460,000 after buying an additional 2,914,442 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCIT opened at $81.56 on Friday. The company’s fifty day moving average price is $82.80 and its 200-day moving average price is $81.27. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $75.75 and a one year high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a $0.3166 dividend. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date was Friday, November 1st. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.66%.

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.