Drive Wealth Management LLC Boosts Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Drive Wealth Management LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,702 shares of the company’s stock after purchasing an additional 5,462 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises approximately 1.0% of Drive Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Drive Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,995,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in VCIT. Bull Oak Capital LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at $27,000. Sound Income Strategies LLC lifted its stake 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 valued at $30,000 after purchasing an additional 150 shares in the last quarter. Pineridge Advisors LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 57.3% during the 1st quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the period. American National Bank increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 70.7% during the 2nd quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after purchasing an additional 195 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at approximately $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1 %

VCIT opened at $80.89 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.12 and a 52-week high of $84.25. The company has a 50 day moving average of $82.56 and a two-hundred day moving average of $81.43.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were given a dividend of $0.3166 per share. This represents a $3.80 dividend on an annualized basis and a yield of 4.70%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date of this dividend was Friday, November 1st.

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.