Founders Financial Securities LLC Cuts Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Founders Financial Securities LLC lessened its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 82.7% in the third quarter, Holdings Channel.com reports. The fund owned 5,898 shares of the company’s stock after selling 28,141 shares during the quarter. Founders Financial Securities LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VCIT. Caldwell Trust Co acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter valued at about $25,000. Mattson Financial Services LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the first quarter valued at approximately $28,000. Aspect Partners LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $28,000. Chapman Financial Group LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth approximately $31,000. Finally, NewSquare Capital LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth approximately $33,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

NASDAQ:VCIT opened at $83.82 on Friday. The business’s 50-day moving average is $84.03 and its two-hundred day moving average is $83.42. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $78.66 and a 12 month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

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

About Vanguard Intermediate-Term Corporate Bond ETF

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.