Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Reaches New 52-Week Low – Here’s Why

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $81.03 and last traded at $81.03, with a volume of 5418403 shares changing hands. The stock had previously closed at $81.23.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1%

The stock has a fifty day moving average of $81.84 and a two-hundred day moving average of $82.67.

Vanguard Intermediate-Term Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.3421 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 5.1%.

Institutional Investors Weigh In On Vanguard Intermediate-Term Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in VCIT. HHM Wealth Advisors LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the first quarter worth $29,000. Brown Brothers Harriman & Co. grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at about $30,000. Monetary Solutions Ltd purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth about $30,000. Finally, Chapman Financial Group LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth about $31,000.

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.