Protective Life Corp Increases Its Holdings in Vanguard Intermediate-Term Corporate Bond ETF

Protective Life Corp, a significant institutional investor, has reportedly increased its investment in the Vanguard Intermediate-Term Corporate Bond ETF (VCIT), according to the latest regulatory filings. In a strategic move, Protective Life Corp upped its stake by 0.9% during the second quarter. This enhancement in shares is detailed in the Form 13F filing with the Securities & Exchange Commission. As a result, the firm's total share count in the ETF reached 99,328, with the acquisition of an additional 913 shares in the period.

Investment Portfolio Composition

The Vanguard Intermediate-Term Corporate Bond ETF represents a significant component of Protective Life Corp's investment portfolio, accounting for approximately 6.2% and ranking as the company's sixth-largest holding. Following the recent transactions, the value of Protective Life Corp's stake in the ETF is assessed at approximately $7.85 million.

Other Investors' Activities

Recent activity among other investors has demonstrated an evolving interest in the Vanguard Intermediate-Term Corporate Bond ETF. Strategic Financial Services Inc initiated a new position during the first quarter, with a purchase valued around $61.62 million. Newport Capital Group LLC and Bay Rivers Group both established new stakes in the second quarter, with investments valued at about $217,000 and $2.54 million, respectively. Furthermore, Vontobel Holding Ltd. augmented its holdings by 6.1%, now owning 7,945 shares after the acquisition of an additional 456 shares within the quarter. Arkadios Wealth Advisors also became involved, taking a new position in the ETF during the first quarter for an estimated $216,000.

ETF Market Performance

On the market front, VCIT experienced a marginal uptick of $0.04 during a recent trading session, closing at $77.75. Trading volume for the session reached 1,830,297 shares, in contrast to the average volume figure of 5,860,829. The ETF's price performance demonstrates stability with a fifty-day moving average of $75.80 and a two-hundred-day moving average of $77.52. Moreover, VCIT has registered a 52-week low of $73.78 and a peak of $81.66.

Dividend Increase Announcement

The ETF also announced a dividend payout that was delivered to shareholders on October 5th. Registered shareholders as of October 3rd received a dividend amounting to $0.264 per share, marking a slight increase from the former dividend rate of $0.26. The ex-dividend date was established as October 2nd.

About Vanguard Intermediate-Term Corporate Bond ETF

The Vanguard Intermediate-Term Corporate Bond ETF aims to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index. This index is a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index and is designed to reflect the returns on U.S. corporate bonds with intermediate-term maturities.

Investment, Securities, Portfolio