Global Wealth Management Investment Advisory Inc. Grows Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 220,259 shares of the company’s stock after purchasing an additional 12,852 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up about 3.6% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its 2nd largest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $17,680,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of VCIT. Providence Capital Advisors LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at $25,000. Bull Oak Capital LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at approximately $27,000. Sound Income Strategies LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the third quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock worth $30,000 after buying an additional 150 shares during the last quarter. Nvwm LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 42.6% in the fourth quarter. Nvwm LLC now owns 499 shares of the company’s stock worth $40,000 after buying an additional 149 shares during the last quarter. Finally, Field & Main Bank bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth about $52,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT opened at $80.64 on Monday. The business has a fifty day moving average of $80.67 and a 200 day moving average of $81.75. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.80 and a 52-week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were issued a $0.3129 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.31.

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.