Global Wealth Management Investment Advisory Inc. Buys 7,272 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Global Wealth Management Investment Advisory Inc. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 251,655 shares of the company’s stock after buying an additional 7,272 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up approximately 3.5% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its largest position. Global Wealth Management Investment Advisory Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $21,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of VCIT. TI Trust Inc. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.4% in the third quarter. TI Trust Inc. now owns 3,226 shares of the company’s stock valued at $271,000 after purchasing an additional 135 shares during the period. Leo Wealth LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 1.8% during the second quarter. Leo Wealth LLC now owns 7,998 shares of the company’s stock worth $651,000 after purchasing an additional 143 shares during the period. Cedar Point Capital Partners LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 3.6% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 4,159 shares of the company’s stock valued at $350,000 after purchasing an additional 145 shares during the last quarter. Stevens Capital Partners boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 5.2% in the 3rd quarter. Stevens Capital Partners now owns 2,921 shares of the company’s stock valued at $246,000 after purchasing an additional 145 shares during the last quarter. Finally, Wallace Advisory Group LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.1% in the 2nd quarter. Wallace Advisory Group LLC now owns 4,984 shares of the company’s stock valued at $407,000 after buying an additional 149 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT opened at $84.00 on Wednesday. The company has a 50 day simple moving average of $83.90 and a 200-day simple moving average of $83.62. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $78.66 and a 1 year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were paid 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 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.