Lord Abbett & CO. LLC Purchases New Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Lord Abbett & CO. LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,968 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Providence Capital Advisors LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at $25,000. Bull Oak Capital LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at about $27,000. Sound Income Strategies LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the 3rd quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. American National Bank raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the 2nd quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after purchasing an additional 195 shares during the period. Finally, Financial Gravity Asset Management Inc. boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 68,600.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 687 shares of the company’s stock worth $55,000 after purchasing an additional 686 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $81.40 on Tuesday. The stock’s 50 day moving average is $81.71 and its two-hundred day moving average is $81.76. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $77.80 and a 12 month high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a $0.3166 dividend. This represents a $3.80 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly 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.