BIP Wealth LLC Trims Stock Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

BIP Wealth LLC cut its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,725 shares of the company’s stock after selling 12,927 shares during the quarter. BIP Wealth LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VCIT. Prudential PLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% during the third quarter. Prudential PLC now owns 9,778,515 shares of the company’s stock valued at $742,972,000 after purchasing an additional 4,402,033 shares in the last quarter. Johns Hopkins University bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at approximately $246,285,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 46,962.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,943,274 shares of the company’s stock valued at $223,630,000 after purchasing an additional 2,937,020 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 36.2% in the third quarter. Ameriprise Financial Inc. now owns 8,513,980 shares of the company’s stock valued at $647,208,000 after acquiring an additional 2,262,458 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 22.2% in the third quarter. Royal Bank of Canada now owns 10,642,263 shares of the company’s stock valued at $808,597,000 after acquiring an additional 1,933,732 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT traded down $0.23 during trading on Wednesday, hitting $78.39. The stock had a trading volume of 7,467,903 shares, compared to its average volume of 8,106,686. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $73.78 and a twelve month high of $81.65. The stock has a 50 day simple moving average of $79.63 and a two-hundred day simple moving average of $78.95.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were paid a $0.2944 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.28. The ex-dividend date was Monday, April 1st.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.