Powers Advisory Group LLC Purchases 5,414 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Powers Advisory Group LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 7.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,483 shares of the company’s stock after purchasing an additional 5,414 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 3.2% of Powers Advisory Group LLC’s investment portfolio, making the stock its 10th largest holding. Powers Advisory Group LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $6,489,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VCIT. Verde Capital Management grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.0% during the third quarter. Verde Capital Management now owns 78,362 shares of the company’s stock worth $6,563,000 after buying an additional 4,414 shares during the period. AA Financial Advisors LLC lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 564.0% during the 3rd quarter. AA Financial Advisors LLC now owns 81,588 shares of the company’s stock valued at $6,833,000 after acquiring an additional 69,300 shares in the last quarter. Seamount Financial Group Inc. boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 5.3% during the 3rd quarter. Seamount Financial Group Inc. now owns 29,244 shares of the company’s stock worth $2,449,000 after purchasing an additional 1,468 shares during the period. Commonwealth Equity Services LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 6.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,500,036 shares of the company’s stock valued at $125,628,000 after purchasing an additional 89,663 shares in the last quarter. Finally, Raymond James & Associates raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 0.4% in the third quarter. Raymond James & Associates now owns 2,057,797 shares of the company’s stock valued at $172,341,000 after purchasing an additional 7,545 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT opened at $82.53 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $73.78 and a 12 month high of $84.25. The stock’s 50-day moving average is $83.11 and its two-hundred day moving average is $81.03.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.301 per share. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.