Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Stake Increased by Focused Wealth Management Inc

Focused Wealth Management Inc grew its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.5% during the first quarter, Holdings Channel.com reports. The fund owned 429,011 shares of the company’s stock after purchasing an additional 26,183 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up 4.7% of Focused Wealth Management Inc’s investment portfolio, making the stock its 4th biggest position. Focused Wealth Management Inc’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $35,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Greenspring Advisors LLC grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 1.7% in the 1st quarter. Greenspring Advisors LLC now owns 7,600 shares of the company’s stock worth $621,000 after acquiring an additional 126 shares in the last quarter. Diversified Portfolios Inc. boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.6% during the first quarter. Diversified Portfolios Inc. now owns 23,221 shares of the company’s stock valued at $1,899,000 after purchasing an additional 131 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,050 shares of the company’s stock valued at $413,000 after purchasing an additional 135 shares in the last quarter. Axis Wealth Partners LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.1% during the first quarter. Axis Wealth Partners LLC now owns 6,595 shares of the company’s stock valued at $539,000 after purchasing an additional 136 shares in the last quarter. Finally, Petra Financial Advisors Inc. boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.7% during the fourth quarter. Petra Financial Advisors Inc. now owns 22,611 shares of the company’s stock valued at $1,815,000 after purchasing an additional 156 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.4%

NASDAQ VCIT opened at $82.02 on Friday. The firm’s 50 day moving average price is $81.61 and its 200-day moving average price is $81.10. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $78.66 and a 52-week high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.3207 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $3.85 dividend on an annualized basis and a dividend yield of 4.69%.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.