Cornerstone Wealth Management LLC Sells 52,344 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Posted by Hayley Millar on Jan 24th, 2025

Cornerstone Wealth Management LLC trimmed its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT – Free Report) by 35.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,969 shares of the company’s stock after selling 52,344 shares during the period. Cornerstone Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $7,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth $25,000. Bull Oak Capital LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth $27,000. Sound Income Strategies LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% during the 3rd quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock worth $30,000 after buying an additional 150 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth $65,000. Finally, GAMMA Investing LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth $65,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT stock opened at $80.30 on Friday. The stock’s fifty day moving average price is $80.82 and its 200 day moving average price is $81.76. 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 announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 24th were paid a $0.3119 dividend. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.30. The ex-dividend date was Tuesday, December 24th.

Vanguard Intermediate-Term Corporate Bond ETF Profile

(Free Report)

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.