Parsons Capital Management Inc. RI Increases Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Parsons Capital Management Inc. RI lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 30.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,125 shares of the company’s stock after buying an additional 8,119 shares during the period. Parsons Capital Management Inc. RI’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $2,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Caldwell Trust Co acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth $25,000. Aspect Partners LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth about $28,000. Chapman Financial Group LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth about $31,000. NewSquare Capital LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth about $33,000. Finally, ORG Partners LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 360.0% in the second quarter. ORG Partners LLC now owns 414 shares of the company’s stock valued at $34,000 after buying an additional 324 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.4%

VCIT stock opened at $83.48 on Wednesday. The firm has a 50 day moving average of $83.90 and a 200-day moving average of $83.66. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $78.66 and a 12-month 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. Shareholders of record on Monday, December 1st were issued a $0.3223 dividend. 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 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.