Vanguard Intermediate-Term Corporate Bond ETF $VCIT Stock Position Boosted by SpringVest Wealth Management LLC

SpringVest Wealth Management LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,275 shares of the company’s stock after purchasing an additional 18,958 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 17.0% of SpringVest Wealth Management LLC’s holdings, making the stock its biggest holding. SpringVest Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $23,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in VCIT. Caldwell Trust Co purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at about $25,000. Aspect Partners LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at approximately $28,000. Chapman Financial Group LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $31,000. NewSquare Capital LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $33,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth $37,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.0%

VCIT opened at $83.54 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $78.66 and a twelve month high of $84.84. The company has a fifty day simple moving average of $83.90 and a 200 day simple moving average of $83.78.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.33 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, February 2nd.

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. 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.