ProVise Management Group LLC Reduces Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

ProVise Management Group LLC decreased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 61.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,549 shares of the company’s stock after selling 4,055 shares during the period. ProVise Management Group LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Providence Capital Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at $25,000. Truvestments Capital LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 145.6% in the fourth quarter. Truvestments Capital LLC now owns 334 shares of the company’s stock valued at $27,000 after purchasing an additional 198 shares during the period. Tortoise Investment Management LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at $28,000. Midwest Capital Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at $33,000. Finally, Nvwm LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 42.6% in the fourth quarter. Nvwm LLC now owns 499 shares of the company’s stock valued at $40,000 after purchasing an additional 149 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT stock opened at $81.70 on Thursday. The stock has a 50-day moving average price of $80.85 and a two-hundred day moving average price of $81.58. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $77.80 and a 12-month high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2865 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.