Synovus Financial Corp Boosts Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Synovus Financial Corp increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 64.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,516 shares of the company’s stock after purchasing an additional 15,064 shares during the period. Synovus Financial Corp’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VCIT. Fisher Asset Management LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 92,783,951 shares of the company’s stock worth $7,447,768,000 after purchasing an additional 4,289,340 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $323,370,000. JPMorgan Chase & Co. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 50,189,734 shares of the company’s stock valued at $4,028,730,000 after acquiring an additional 2,992,971 shares during the last quarter. Life Planning Partners Inc lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7,732.2% in the 4th quarter. Life Planning Partners Inc now owns 2,308,083 shares of the company’s stock worth $185,270,000 after purchasing an additional 2,278,614 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 10.2% during the 4th quarter. Wells Fargo & Company MN now owns 9,154,276 shares of the company’s stock worth $734,814,000 after purchasing an additional 845,313 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.6 %

NASDAQ:VCIT opened at $80.06 on Tuesday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $77.80 and a one year high of $84.26. The stock has a 50 day moving average price of $81.14 and a 200 day moving average price of $81.22.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.3189 per share. This represents a $3.83 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Tuesday, April 1st. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32.

About Vanguard Intermediate-Term Corporate Bond ETF

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.