On June 26, 2023, it was reported that Parsons Capital Management Inc. RI had lessened its holdings in shares of the Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 4.3% in the first quarter. This update has caused quite a stir within the investment community and highlighted the current state of flux happening within the market.
Parsons Capital Management Inc. RI is known for its analytical approach to investments, which has undoubtedly factored into their decision to sell shares of VCIT. The firm’s decision comes amid concerns about inflation and rising interest rates. This uncertainty has caused many investors to shift towards more diversified portfolios as a way to mitigate risks.
The Vanguard Intermediate-Term Corporate Bond ETF that Parsons Capital Management Inc. RI sold shares in is designed to provide investors with exposure to US investment-grade corporate bonds with maturities between five and ten years. The Fund seeks to track the performance of Bloomberg Barclays U.S. 5-10 Year Corporate Bond Index, which measures the investment returns of US dollar-denominated securities issued by industrial, utility, and financial companies.
Despite the recent sale of shares by Parsons Capital Management Inc. RI, investors are still confident about this fund’s long-term potential as it can offer steady returns on investment with relatively low risk compared to some other bond funds.
This news is just one example of how quickly things can change when it comes to investments in today’s world where technological advancements have increased access to global markets like never before. It serves as a stark reminder that investing requires constant vigilance and adaptability, with multiple factors affecting markets worldwide.
In conclusion, Parsons Capital Management Inc. RI’s recent sale of shares in the Vanguard Intermediate-Term Corporate Bond ETF highlights the importance of keeping an eye on market trends while considering diversification options for minimizing risks while optimizing returns – a strategy that we continue recommending for all investors alike trying out for bettering their investment plays.
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Institutional Investors Show Interest in Vanguard Intermediate-Term Corporate Bond ETF
s investment-grade corporate bonds with maturities between five and ten years. As of June 26, 2023, shares of the ETF opened at $78.88 on NASDAQ.
In recent months, a number of institutional investors have bought and sold shares in Vanguard Intermediate-Term Corporate Bond ETF. Sound Income Strategies LLC grew its holdings by 109.2% during the fourth quarter, adding an additional 178 shares to bring the firm’s total stake to 341 shares worth $26,000. Fortis Advisors LLC also purchased a new stake in the ETF valued at $28,000 during the same period.
Additionally, Northern Trust Corp lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 35.6% during the first quarter of this year. The financial services company has acquired a total of 8,935 shares since then, bringing its stake up to 34,007 shares worth $29,000.
Financial Management Professionals Inc. increased its investment in Vanguard Intermediate-Term Corporate Bond ETF by an incredible 424.7% during Q4 last year as well, acquiring an additional 327 shares for a total of 404 shares now valued at $31,000.
Finally, Farmers & Merchants Investments Inc. raised its holding in Vanguard Intermediate-Term Corporate Bond ETF by another 114.3% during Q4 last year by investing in another 224 shares for a total stake of currently holding just over four hundred share or more accurately-420 worth $33K.
Vanguard Intermediate-Term Corporate Bond ETF offers investors exposure to high-quality U.S corporations bonds that mature between five and ten years after issuance . The Barclays Capital U.S. Aggregate Float Adjusted Index determines which bonds are included and provides guidance on how they should be weighted within the fund . Investors can get diversified access with relatively minimal expense ratio which is why it has been attractive among institutions .
Despite some short lived fluctuations, the share price of Vanguard Intermediate-Term Corporate Bond ETF has remained relatively stable over the past year. The low point in the last 52 weeks was $73.37 while its high reached as high as $82.97 hence anyone investing today stands a chance to earn decent returns without placing too much risk on their investment portfolio.
Investors who value stability and predictability may find that Vanguard Intermediate-Term Corporate Bond ETF fits well with their portfolio and therefore is recommended to consider for those with such strategy.
