Fagan Associates Inc. Sells 332 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Fagan Associates Inc. cut its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,290 shares of the company’s stock after selling 332 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 1.3% of Fagan Associates Inc.’s portfolio, making the stock its 20th largest position. Fagan Associates Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,452,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in VCIT. Werba Rubin Papier Wealth Management purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at about $448,000. Financial Management Network Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 5.4% in the fourth quarter. Financial Management Network Inc. now owns 140,152 shares of the company’s stock valued at $11,232,000 after acquiring an additional 7,198 shares during the period. Global Retirement Partners LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 19.2% in the fourth quarter. Global Retirement Partners LLC now owns 155,448 shares of the company’s stock valued at $12,478,000 after acquiring an additional 25,054 shares during the period. Bigelow Investment Advisors LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.4% in the fourth quarter. Bigelow Investment Advisors LLC now owns 18,855 shares of the company’s stock valued at $1,513,000 after acquiring an additional 788 shares during the period. Finally, Morton Brown Family Wealth LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 13.1% in the fourth quarter. Morton Brown Family Wealth LLC now owns 102,498 shares of the company’s stock valued at $8,227,000 after acquiring an additional 11,886 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT stock opened at $80.72 on Wednesday. The firm’s 50-day moving average price is $80.49 and its two-hundred day moving average price is $81.72. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $77.80 and a 12-month high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were given a $0.3129 dividend. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.31. The ex-dividend date was Monday, February 3rd.

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.