Mendel Capital Management LLC Lowers Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Mendel Capital Management LLC reduced its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,646 shares of the company’s stock after selling 196 shares during the period. Mendel Capital Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $222,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Insight Advisors LLC PA purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth about $228,000. Vanguard Group Inc. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 9.2% in the first quarter. Vanguard Group Inc. now owns 3,404,481 shares of the company’s stock valued at $274,095,000 after buying an additional 286,685 shares during the period. Bank of New York Mellon Corp lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,705,190 shares of the company’s stock valued at $136,296,000 after buying an additional 75,446 shares in the last quarter. First Pacific Financial lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 6.1% during the second quarter. First Pacific Financial now owns 275,356 shares of the company’s stock valued at $22,009,000 after buying an additional 15,950 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7.7% during the second quarter. Brookstone Capital Management now owns 24,812 shares of the company’s stock worth $2,015,000 after buying an additional 1,770 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock opened at $80.89 on Monday. The company’s fifty day simple moving average is $82.56 and its 200-day simple moving average is $81.43. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $77.12 and a 52 week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were given 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 annualized dividend and a yield of 4.70%.

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.