Sheets Smith Wealth Management Has $4.30 Million Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Sheets Smith Wealth Management reduced its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 9.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,333 shares of the company’s stock after selling 5,412 shares during the quarter. Sheets Smith Wealth Management’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $4,299,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VCIT. Bull Oak Capital LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at $27,000. Sound Income Strategies LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% during the third quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. Pineridge Advisors LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 57.3% in the first quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares in the last quarter. American National Bank increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the 2nd quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after purchasing an additional 195 shares during the last quarter. Finally, Lynx Investment Advisory purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth about $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1 %

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $81.65 on Friday. The stock has a 50-day simple moving average of $82.75 and a 200-day simple moving average of $81.29. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $75.75 and a 52-week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a $0.3166 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. This represents a $3.80 dividend on an annualized basis and a yield of 4.65%.

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.