Mechanics Bank Trust Department acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 105,634 shares of the company’s stock, valued at approximately $8,272,000. Vanguard Intermediate-Term Corporate Bond ETF accounts for approximately 1.1% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 26th largest holding.
A number of other institutional investors and hedge funds have also modified their holdings of VCIT. Twele Capital Management Inc. acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at $1,228,000. Fagan Associates Inc. raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.9% in the third quarter. Fagan Associates Inc. now owns 114,124 shares of the company’s stock valued at $8,937,000 after buying an additional 1,049 shares during the last quarter. Financial Futures Ltd Liability Co. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.0% in the third quarter. Financial Futures Ltd Liability Co. now owns 226,624 shares of the company’s stock worth $17,747,000 after buying an additional 4,481 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.4% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 188,442 shares of the company’s stock worth $14,757,000 after buying an additional 9,629 shares in the last quarter. Finally, Sax Wealth Advisors LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 13.7% during the third quarter. Sax Wealth Advisors LLC now owns 12,566 shares of the company’s stock worth $984,000 after acquiring an additional 1,512 shares during the last quarter.
Vanguard Intermediate-Term Corporate Bond ETF Stock Performance
VCIT traded down $0.02 on Tuesday, reaching $78.48. 9,562,729 shares of the company’s stock were exchanged, compared to its average volume of 11,071,709. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $77.61 and a twelve month high of $84.84. The stock’s fifty day moving average price is $80.01 and its 200-day moving average price is $81.53.
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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