Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 65.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 438,592 shares of the company’s stock after selling 830,399 shares during the quarter. Bank of Montreal Can’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $36,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Narus Financial Partners LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.7% during the second quarter. Narus Financial Partners LLC now owns 4,648 shares of the company’s stock valued at $372,000 after buying an additional 124 shares during the period. Friedenthal Financial lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.6% during the third quarter. Friedenthal Financial now owns 22,241 shares of the company’s stock valued at $1,863,000 after buying an additional 124 shares during the period. Trustmark National Bank Trust Department lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.9% during the third quarter. Trustmark National Bank Trust Department now owns 14,299 shares of the company’s stock valued at $1,198,000 after buying an additional 134 shares during the period. Vicus Capital lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.7% during the third quarter. Vicus Capital now owns 20,489 shares of the company’s stock valued at $1,716,000 after buying an additional 135 shares during the period. Finally, Novare Capital Management LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.4% during the second quarter. Novare Capital Management LLC now owns 9,668 shares of the company’s stock valued at $773,000 after buying an additional 137 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $81.81 on Friday. The company’s 50 day simple moving average is $82.12 and its 200 day simple moving average is $81.53. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $77.80 and a 1 year high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a dividend of $0.3166 per share. The ex-dividend date was Friday, November 1st. This represents a $3.80 dividend on an annualized basis and a yield of 4.64%. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30.

Vanguard Intermediate-Term Corporate Bond ETF 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.