Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Position Increased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,407 shares of the company’s stock after acquiring an additional 8,099 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up about 3.7% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 2nd biggest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $17,370,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Insight Advisors LLC PA acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth about $228,000. Vanguard Group Inc. grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 3,404,481 shares of the company’s stock valued at $274,095,000 after buying an additional 286,685 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,705,190 shares of the company’s stock valued at $136,296,000 after purchasing an additional 75,446 shares during the last quarter. First Pacific Financial raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.1% in the second quarter. First Pacific Financial now owns 275,356 shares of the company’s stock valued at $22,009,000 after buying an additional 15,950 shares during the last quarter. Finally, Brookstone Capital Management boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.7% in the second quarter. Brookstone Capital Management now owns 24,812 shares of the company’s stock worth $2,015,000 after acquiring an additional 1,770 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.0 %

Shares of VCIT traded down $0.02 during mid-day trading on Tuesday, reaching $81.12. The company had a trading volume of 414,425 shares, compared to its average volume of 6,987,395. The firm has a fifty day simple moving average of $82.88 and a 200-day simple moving average of $81.25. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $75.64 and a fifty-two week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.3166 per share. The ex-dividend date is Friday, November 1st. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.68%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30.

Vanguard Intermediate-Term Corporate Bond ETF 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.