Kovack Advisors Inc. Grows Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Kovack Advisors Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 17.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,997 shares of the company’s stock after buying an additional 608 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $335,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Prudential PLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% during the second quarter. Prudential PLC now owns 22,681,050 shares of the company’s stock valued at $1,812,896,000 after purchasing an additional 10,210,788 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 41.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,027,030 shares of the company’s stock worth $801,460,000 after purchasing an additional 2,914,442 shares during the period. International Assets Investment Management LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 16,198.3% during the 3rd quarter. International Assets Investment Management LLC now owns 2,382,811 shares of the company’s stock valued at $199,560,000 after buying an additional 2,368,191 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at $127,888,000. Finally, Nepc LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 74.0% in the 1st quarter. Nepc LLC now owns 3,508,700 shares of the company’s stock worth $282,485,000 after buying an additional 1,492,093 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1 %

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $80.89 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $77.12 and a one year high of $84.25. The stock has a fifty day moving average of $82.60 and a 200 day moving average of $81.37.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were given a dividend of $0.3166 per share. The ex-dividend date was Friday, November 1st. This represents a $3.80 annualized dividend and a dividend yield of 4.70%. This is a positive change 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.