Pacific Wealth Management Purchases New Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Pacific Wealth Management bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 153,363 shares of the company’s stock, valued at approximately $12,465,000. Vanguard Intermediate-Term Corporate Bond ETF comprises about 7.1% of Pacific Wealth Management’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors also recently added to or reduced their stakes in the stock. Prudential PLC lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% in the third quarter. Prudential PLC now owns 9,778,515 shares of the company’s stock worth $742,972,000 after buying an additional 4,402,033 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 27.7% in the first quarter. Meiji Yasuda Life Insurance Co now owns 17,339,000 shares of the company’s stock worth $1,491,848,000 after purchasing an additional 3,759,000 shares during the last quarter. Johns Hopkins University bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth approximately $246,285,000. Moneta Group Investment Advisors LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 81,144.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,995,472 shares of the company’s stock valued at $232,179,000 after purchasing an additional 2,991,785 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 46,962.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,943,274 shares of the company’s stock worth $223,630,000 after buying an additional 2,937,020 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.2 %

NASDAQ:VCIT traded down $0.15 during midday trading on Thursday, hitting $78.19. The company had a trading volume of 4,637,347 shares, compared to its average volume of 8,079,129. The stock’s fifty day moving average price is $79.77 and its 200-day moving average price is $78.83. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $73.78 and a 52-week high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.2944 per share. The ex-dividend date was Monday, April 1st. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.28.

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.