Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Stock Position Reduced by Independence Bank of Kentucky

Independence Bank of Kentucky decreased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,866 shares of the company’s stock after selling 452 shares during the period. Independence Bank of Kentucky’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,348,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Aries Wealth Management lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 38.5% in the second quarter. Aries Wealth Management now owns 13,311 shares of the company’s stock worth $1,064,000 after buying an additional 3,700 shares during the last quarter. Wooster Corthell Wealth Management Inc. lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 1.0% during the 2nd quarter. Wooster Corthell Wealth Management Inc. now owns 156,179 shares of the company’s stock worth $12,483,000 after acquiring an additional 1,554 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 12.4% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,501 shares of the company’s stock valued at $679,000 after acquiring an additional 939 shares during the period. Shelter Ins Retirement Plan acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at about $873,000. Finally, RPS Advisory Solutions LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth about $289,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT traded up $0.43 during midday trading on Friday, reaching $83.15. The company’s stock had a trading volume of 5,392,119 shares, compared to its average volume of 6,959,416. The company has a fifty day simple moving average of $81.15 and a 200 day simple moving average of $80.12. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $73.78 and a twelve month high of $83.18.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 5th. Stockholders of record on Thursday, August 1st were paid a $0.3011 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.61 annualized dividend and a dividend yield of 4.35%.

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.