PNC Financial Services Group Inc. Buys 244,977 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

PNC Financial Services Group Inc. increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,244,757 shares of the company’s stock after purchasing an additional 244,977 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $355,498,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VCIT. Richards Merrill & Peterson Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at approximately $30,000. Chapman Financial Group LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $31,000. United Financial Planning Group LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at approximately $34,000. Abich Financial Wealth Management LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at approximately $35,000. Finally, Founders Financial Alliance LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at approximately $45,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT opened at $81.54 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $80.42 and a one year high of $84.84. The company’s 50 day simple moving average is $82.80 and its 200-day simple moving average is $83.56.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were paid a dividend of $0.3262 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was 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.