Apollon Wealth Management LLC Has $56.61 Million Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Apollon Wealth Management LLC boosted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 441.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 684,128 shares of the company’s stock after acquiring an additional 557,790 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up approximately 0.9% of Apollon Wealth Management LLC’s portfolio, making the stock its 18th largest holding. Apollon Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $56,612,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 107.9% during the 4th quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock worth $716,000 after purchasing an additional 4,627 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 4.4% during the second quarter. Daiwa Securities Group Inc. now owns 54,690 shares of the company’s stock valued at $4,535,000 after buying an additional 2,300 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 67.1% during the second quarter. Qube Research & Technologies Ltd now owns 298,502 shares of the company’s stock valued at $24,752,000 after buying an additional 119,837 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 347.4% in the second quarter. Squarepoint Ops LLC now owns 15,132 shares of the company’s stock worth $1,255,000 after buying an additional 11,750 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 8.6% in the second quarter. Main Street Financial Solutions LLC now owns 18,100 shares of the company’s stock worth $1,501,000 after buying an additional 1,433 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT opened at $82.91 on Monday. The stock has a 50-day moving average of $82.56 and a 200-day moving average of $83.25. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $81.43 and a 52-week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a $0.3412 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.9%.

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.