Fortress Financial Solutions LLC Makes New Investment in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Fortress Financial Solutions LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 75,959 shares of the company’s stock, valued at approximately $6,097,000. Vanguard Intermediate-Term Corporate Bond ETF makes up about 8.6% of Fortress Financial Solutions LLC’s portfolio, making the stock its 2nd largest position.

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

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT opened at $80.58 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.80 and a 52-week high of $84.25. The business has a fifty day moving average of $80.65 and a 200 day moving average of $81.76.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced 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 of this dividend 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 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.