Stone Point Wealth LLC Boosts Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Stone Point Wealth LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 19.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,677 shares of the company’s stock after purchasing an additional 16,023 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up about 2.6% of Stone Point Wealth LLC’s holdings, making the stock its 5th biggest position. Stone Point Wealth LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% in the first quarter. JPMorgan Chase & Co. now owns 62,648,363 shares of the company’s stock valued at $5,043,820,000 after purchasing an additional 3,892,110 shares during the period. Creative Planning increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 1.7% during the 3rd quarter. Creative Planning now owns 24,067,807 shares of the company’s stock worth $2,015,679,000 after acquiring an additional 395,318 shares during the period. Prudential PLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 81.9% during the 2nd quarter. Prudential PLC now owns 22,681,050 shares of the company’s stock worth $1,812,896,000 after acquiring an additional 10,210,788 shares during the period. LPL Financial LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 0.7% during the 2nd quarter. LPL Financial LLC now owns 10,363,537 shares of the company’s stock worth $828,357,000 after acquiring an additional 68,907 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 41.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,027,030 shares of the company’s stock worth $801,460,000 after acquiring an additional 2,914,442 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.9 %

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $81.56 on Friday. The firm’s 50 day simple moving average is $82.80 and its 200 day simple moving average is $81.27. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $75.75 and a 1-year high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a dividend of $0.3166 per share. This represents a $3.80 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30.

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.