Northwestern Mutual Wealth Management Co. Boosts Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Northwestern Mutual Wealth Management Co. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 17.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,896 shares of the company’s stock after purchasing an additional 32,886 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $19,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of VCIT. Bank of America Corp DE grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.7% during the third quarter. Bank of America Corp DE now owns 82,297,228 shares of the company’s stock worth $6,922,020,000 after acquiring an additional 5,909,857 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock worth $7,033,022,000 after acquiring an additional 3,339,026 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 93.8% during the second quarter. Corient Private Wealth LLC now owns 3,915,948 shares of the company’s stock worth $324,711,000 after acquiring an additional 1,895,302 shares during the last quarter. Buffalo Business & Estate Services Ltd. purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $135,327,000. Finally, HighTower Advisors LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 123.6% during the fourth quarter. HighTower Advisors LLC now owns 2,440,152 shares of the company’s stock worth $204,363,000 after acquiring an additional 1,348,722 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT stock opened at $82.85 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $81.00 and a fifty-two week high of $84.84. The stock’s 50-day simple moving average is $82.69 and its 200-day simple moving average is $83.48.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were paid a dividend of $0.3262 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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. 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.