Robertson Stephens Wealth Management LLC Purchases 69,950 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Robertson Stephens Wealth Management LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,055,148 shares of the company’s stock after buying an additional 69,950 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up 2.3% of Robertson Stephens Wealth Management LLC’s holdings, making the stock its 8th biggest position. Robertson Stephens Wealth Management LLC owned about 0.15% of Vanguard Intermediate-Term Corporate Bond ETF worth $88,369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VCIT. Bank of America Corp DE grew its position in 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 valued at $6,922,020,000 after buying an additional 5,909,857 shares during the period. Corient Private Wealth LLC grew its position in 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 valued at $324,711,000 after buying an additional 1,895,302 shares during the period. Buffalo Business & Estate Services Ltd. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at $135,327,000. Vanguard Group Inc. grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 6,631.0% during the fourth quarter. Vanguard Group Inc. now owns 1,015,034 shares of the company’s stock valued at $85,009,000 after buying an additional 999,954 shares during the period. Finally, Creative Planning grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 3.6% during the third quarter. Creative Planning now owns 26,438,339 shares of the company’s stock valued at $2,223,729,000 after buying an additional 927,083 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT stock opened at $82.58 on Friday. The firm’s fifty day moving average is $83.22 and its 200 day moving average is $83.73. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $80.42 and a one year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, May 1st will be given a dividend of $0.3262 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, May 1st.

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.