SMI Advisory Services LLC Sells 34,383 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

SMI Advisory Services LLC decreased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,077 shares of the company’s stock after selling 34,383 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 2.2% of SMI Advisory Services LLC’s holdings, making the stock its 13th biggest position. SMI Advisory Services LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $9,427,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 16,198.3% during the third quarter. International Assets Investment Management LLC now owns 2,382,811 shares of the company’s stock worth $199,560,000 after acquiring an additional 2,368,191 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 47,196,763 shares of the company’s stock worth $3,952,729,000 after purchasing an additional 1,165,222 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 121.4% during the second quarter. Bank of Montreal Can now owns 1,268,991 shares of the company’s stock worth $102,040,000 after purchasing an additional 695,871 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1,284.5% during the third quarter. Benjamin Edwards Inc. now owns 677,989 shares of the company’s stock worth $56,782,000 after purchasing an additional 629,019 shares during the last quarter. Finally, Bridgewater Advisors Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth about $48,196,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ:VCIT opened at $80.33 on Thursday. The stock’s 50-day moving average is $80.83 and its 200-day moving average is $81.77. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $77.80 and a 1-year high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were paid a $0.3119 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous 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.