Patriot Investment Management Group Inc. Increases Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Patriot Investment Management Group Inc. increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 775,555 shares of the company’s stock after buying an additional 23,651 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises approximately 4.3% of Patriot Investment Management Group Inc.’s holdings, making the stock its 4th largest position. Patriot Investment Management Group Inc. owned 0.12% of Vanguard Intermediate-Term Corporate Bond ETF worth $65,232,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in VCIT. Concorde Asset Management LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.0% in the first quarter. Concorde Asset Management LLC now owns 4,271 shares of the company’s stock valued at $347,000 after purchasing an additional 125 shares during the period. Leo Wealth LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 1.8% in the 2nd quarter. Leo Wealth LLC now owns 7,998 shares of the company’s stock worth $651,000 after buying an additional 143 shares in the last quarter. Wallace Advisory Group LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 3.1% in the 2nd quarter. Wallace Advisory Group LLC now owns 4,984 shares of the company’s stock worth $407,000 after buying an additional 149 shares in the last quarter. Hickory Point Bank & Trust increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 2.1% in the 3rd quarter. Hickory Point Bank & Trust now owns 7,455 shares of the company’s stock valued at $627,000 after acquiring an additional 150 shares during the period. Finally, Christensen King & Associates Investment Services Inc. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 0.9% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 17,307 shares of the company’s stock valued at $1,435,000 after acquiring an additional 154 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT opened at $83.82 on Thursday. The firm’s 50-day simple moving average is $84.04 and its 200 day simple moving average is $83.42. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $78.66 and a fifty-two week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, December 1st were issued a dividend of $0.3223 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.6%.

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.