Strategic Financial Partners Ltd. Trims Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Strategic Financial Partners Ltd. reduced its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,711 shares of the company’s stock after selling 398 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.7% of Strategic Financial Partners Ltd.’s investment portfolio, making the stock its 12th biggest position. Strategic Financial Partners Ltd.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of VCIT. Insight Advisors LLC PA bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at about $228,000. Vanguard Group Inc. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 3,404,481 shares of the company’s stock valued at $274,095,000 after purchasing an additional 286,685 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,705,190 shares of the company’s stock worth $136,296,000 after purchasing an additional 75,446 shares during the period. First Pacific Financial raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.1% in the second quarter. First Pacific Financial now owns 275,356 shares of the company’s stock worth $22,009,000 after buying an additional 15,950 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7.7% during the second quarter. Brookstone Capital Management now owns 24,812 shares of the company’s stock valued at $2,015,000 after buying an additional 1,770 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $80.74 on Friday. The business has a 50-day simple moving average of $82.92 and a 200 day simple moving average of $81.19. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $75.43 and a 52 week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 5th. Investors of record on Friday, November 1st will be given a $0.3166 dividend. This represents a $3.80 annualized dividend and a dividend yield of 4.71%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date is Friday, November 1st.

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.