Gibbs Wealth Management Has $15.68 Million Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Gibbs Wealth Management raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 67.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,502 shares of the company’s stock after buying an additional 76,017 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 2.1% of Gibbs Wealth Management’s portfolio, making the stock its 9th largest holding. Gibbs Wealth Management’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $15,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 510.4% during the 1st quarter. Sei Investments Co. now owns 280,897 shares of the company’s stock worth $23,244,000 after acquiring an additional 234,880 shares during the period. Davis R M Inc. boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 11.7% in the 1st quarter. Davis R M Inc. now owns 6,000 shares of the company’s stock valued at $496,000 after purchasing an additional 628 shares during the period. Lido Advisors LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 42.2% in the 1st quarter. Lido Advisors LLC now owns 20,770 shares of the company’s stock valued at $1,719,000 after purchasing an additional 6,167 shares during the period. Cetera Investment Advisers grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.2% during the 1st quarter. Cetera Investment Advisers now owns 1,348,769 shares of the company’s stock valued at $111,611,000 after purchasing an additional 66,411 shares in the last quarter. Finally, Wealthspire Retirement LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.0% during the 1st quarter. Wealthspire Retirement LLC now owns 42,969 shares of the company’s stock valued at $3,556,000 after purchasing an additional 856 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.3%

NASDAQ:VCIT opened at $81.12 on Friday. The business’s 50-day moving average price is $82.19 and its two-hundred day moving average price is $83.00. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $81.04 and a twelve month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.3319 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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.