Axos Invest Inc. Invests $1.25 Million in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Axos Invest Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,911 shares of the company’s stock, valued at approximately $1,249,000. Vanguard Intermediate-Term Corporate Bond ETF comprises 0.9% of Axos Invest Inc.’s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Bull Oak Capital LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter valued at $27,000. Sound Income Strategies LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the third quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Pineridge Advisors LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 57.3% during the first quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. American National Bank increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 70.7% during the second quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after purchasing an additional 195 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter valued at about $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ VCIT opened at $81.03 on Thursday. The business has a 50-day moving average price of $82.40 and a 200 day moving average price of $81.45. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.58 and a 52-week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a $0.3166 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. This represents a $3.80 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, November 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.