Friedenthal Financial Has $6.70 Million Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Friedenthal Financial grew its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 179.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 79,672 shares of the company’s stock after purchasing an additional 51,161 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 3.5% of Friedenthal Financial’s portfolio, making the stock its 4th largest holding. Friedenthal Financial’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $6,701,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7.0% in the 3rd quarter. Hanson & Doremus Investment Management now owns 555,347 shares of the company’s stock valued at $46,710,000 after purchasing an additional 36,123 shares during the period. Cypress Wealth Services LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 4.0% during the 3rd quarter. Cypress Wealth Services LLC now owns 45,193 shares of the company’s stock worth $3,801,000 after buying an additional 1,737 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.3% during the third quarter. DAVENPORT & Co LLC now owns 116,408 shares of the company’s stock worth $9,791,000 after buying an additional 6,934 shares in the last quarter. Revisor Wealth Management LLC lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.8% during the third quarter. Revisor Wealth Management LLC now owns 127,777 shares of the company’s stock worth $10,700,000 after buying an additional 3,512 shares in the last quarter. Finally, Praetorian Wealth Management Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at about $412,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT stock opened at $83.62 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $78.66 and a 52 week high of $84.84. The company’s 50-day simple moving average is $84.06 and its 200 day simple moving average is $83.41.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were issued a dividend of $0.3223 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 4.6%.

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. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.