Phillips Financial Management LLC Cuts Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Phillips Financial Management LLC cut its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 197,855 shares of the company’s stock after selling 13,169 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up 1.3% of Phillips Financial Management LLC’s investment portfolio, making the stock its 25th biggest position. Phillips Financial Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $16,570,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VCIT. Bull Oak Capital LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at about $27,000. Sound Income Strategies LLC boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 73.9% during the third quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares during the period. Pineridge Advisors LLC grew its holdings 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 last quarter. American National Bank increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the second quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after buying an additional 195 shares during the period. Finally, Lynx Investment Advisory bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $80.89 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $77.12 and a twelve month high of $84.25. The firm has a fifty day simple moving average of $82.56 and a two-hundred day simple moving average of $81.43.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a dividend of $0.3166 per share. 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 4.70%. The ex-dividend date of this dividend was Friday, November 1st.

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.