Power Wealth Management LLC Boosts Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Power Wealth Management LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 277,171 shares of the company’s stock after acquiring an additional 8,605 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises about 8.1% of Power Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Power Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $22,908,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VCIT. Brown Brothers Harriman & Co. grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. HHM Wealth Advisors LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter worth about $29,000. Monetary Solutions Ltd bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth about $30,000. Chapman Financial Group LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth about $31,000. Finally, Align Financial LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at approximately $35,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

VCIT opened at $80.54 on Friday. The stock’s 50 day moving average price is $81.51 and its 200-day moving average price is $82.43. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $80.38 and a one year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.