Vanguard Intermediate-Term Corporate Bond ETF $VCIT Shares Sold by BIP Wealth LLC

BIP Wealth LLC lowered its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 18.5% in the first quarter, Holdings Channel.com reports. The fund owned 294,016 shares of the company’s stock after selling 66,780 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up 1.0% of BIP Wealth LLC’s investment portfolio, making the stock its 16th largest position. BIP Wealth LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $24,330,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Baer Investment Advisory LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth about $206,000. World Investment Advisors grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 296.3% during the first quarter. World Investment Advisors now owns 127,027 shares of the company’s stock worth $10,511,000 after buying an additional 94,971 shares during the period. Counterweight Ventures LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 16.2% during the first quarter. Counterweight Ventures LLC now owns 71,075 shares of the company’s stock worth $5,881,000 after buying an additional 9,920 shares during the period. 4WEALTH Advisors Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 5.0% in the first quarter. 4WEALTH Advisors Inc. now owns 34,811 shares of the company’s stock valued at $2,865,000 after buying an additional 1,664 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 0.8% in the first quarter. Private Advisor Group LLC now owns 674,763 shares of the company’s stock valued at $55,837,000 after buying an additional 5,514 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT stock opened at $82.34 on Friday. The firm has a 50 day moving average of $82.48 and a 200-day moving average of $83.21. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $81.43 and a 12-month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 6th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.3319 per share. The ex-dividend date of this dividend is Wednesday, July 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.