Overbrook Management Corp bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 72,667 shares of the company’s stock, valued at approximately $5,691,000. Vanguard Intermediate-Term Corporate Bond ETF makes up approximately 0.9% of Overbrook Management Corp’s investment portfolio, making the stock its 27th largest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 39.6% in the first quarter. Bank of America Corp DE now owns 118,464,592 shares of the company’s stock valued at $9,802,945,000 after acquiring an additional 33,615,148 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 438.6% in the 4th quarter. Corient Private Wealth LLC now owns 10,303,448 shares of the company’s stock valued at $862,914,000 after acquiring an additional 8,390,355 shares during the period. Wells Fargo & Company MN grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,181,977 shares of the company’s stock valued at $852,741,000 after purchasing an additional 570,203 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 10.4% during the second quarter. Baird Financial Group Inc. now owns 7,359,239 shares of the company’s stock worth $608,241,000 after purchasing an additional 690,902 shares during the period. Finally, Wealthfront Advisers LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.7% during the first quarter. Wealthfront Advisers LLC now owns 6,762,049 shares of the company’s stock worth $559,560,000 after purchasing an additional 1,251,320 shares during the period.
Vanguard Intermediate-Term Corporate Bond ETF Stock Performance
NASDAQ:VCIT traded up $0.21 during mid-day trading on Thursday, hitting $78.48. 7,532,797 shares of the stock were exchanged, compared to its average volume of 11,114,035. The firm’s 50-day simple moving average is $80.18 and its 200 day simple moving average is $81.62. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $77.61 and a fifty-two week high of $84.84.
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.
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