Bessemer Group Inc. Has $30.32 Million Stake in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Bessemer Group Inc. reduced its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 365,666 shares of the company’s stock after selling 21,769 shares during the quarter. Bessemer Group Inc. owned approximately 0.06% of Vanguard Intermediate-Term Corporate Bond ETF worth $30,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VCIT. Schmidt P J Investment Management Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 16.9% during the second quarter. Schmidt P J Investment Management Inc. now owns 5,544 shares of the company’s stock valued at $460,000 after purchasing an additional 800 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 10.6% during the second quarter. Ashton Thomas Private Wealth LLC now owns 15,329 shares of the company’s stock valued at $1,271,000 after purchasing an additional 1,469 shares during the period. Wealthfront Advisers LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 69.4% during the second quarter. Wealthfront Advisers LLC now owns 4,871,726 shares of the company’s stock valued at $403,964,000 after purchasing an additional 1,995,404 shares during the period. Topsail Wealth Management LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 7.0% in the second quarter. Topsail Wealth Management LLC now owns 168,589 shares of the company’s stock valued at $13,979,000 after acquiring an additional 11,081 shares during the period. Finally, Brighton Jones LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at $333,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT stock opened at $84.82 on Tuesday. The stock’s fifty day moving average is $84.00 and its 200-day moving average is $82.55. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $78.66 and a 52 week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were paid a $0.326 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.6%.

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.