Bray Capital Advisors Has $5.87 Million Stock Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Bray Capital Advisors boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 117.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,101 shares of the company’s stock after purchasing an additional 37,882 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for approximately 1.4% of Bray Capital Advisors’ portfolio, making the stock its 16th biggest position. Bray Capital Advisors’ holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $5,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Narus Financial Partners LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.7% in the second quarter. Narus Financial Partners LLC now owns 4,648 shares of the company’s stock worth $372,000 after buying an additional 124 shares during the last quarter. Friedenthal Financial lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.6% in the third quarter. Friedenthal Financial now owns 22,241 shares of the company’s stock worth $1,863,000 after buying an additional 124 shares during the last quarter. Vicus Capital increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.7% in the third quarter. Vicus Capital now owns 20,489 shares of the company’s stock worth $1,716,000 after purchasing an additional 135 shares during the period. Novare Capital Management LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.4% in the second quarter. Novare Capital Management LLC now owns 9,668 shares of the company’s stock worth $773,000 after purchasing an additional 137 shares during the period. Finally, Pineridge Advisors LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 57.3% in the first 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.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1 %

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $81.65 on Friday. The business’s 50-day simple moving average is $82.75 and its 200-day simple moving average is $81.29. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $75.75 and a 52 week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a $0.3166 dividend. The ex-dividend date was Friday, November 1st. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.65%.

About Vanguard Intermediate-Term Corporate Bond ETF

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.