Verus Wealth Management LLC Invests $6.03 Million in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Verus Wealth Management LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 75,153 shares of the company’s stock, valued at approximately $6,033,000. Vanguard Intermediate-Term Corporate Bond ETF comprises approximately 6.8% of Verus Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Friedenthal Financial boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 0.6% in the third quarter. Friedenthal Financial now owns 22,241 shares of the company’s stock valued at $1,863,000 after acquiring an additional 124 shares during the last quarter. Trustmark National Bank Trust Department lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 0.9% during the 3rd quarter. Trustmark National Bank Trust Department now owns 14,299 shares of the company’s stock valued at $1,198,000 after purchasing an additional 134 shares during the period. Vicus Capital boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.7% in the 3rd quarter. Vicus Capital now owns 20,489 shares of the company’s stock valued at $1,716,000 after purchasing an additional 135 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 7,424 shares of the company’s stock worth $596,000 after buying an additional 138 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.8% during the third quarter. Kingsview Wealth Management LLC now owns 16,824 shares of the company’s stock worth $1,409,000 after buying an additional 139 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT opened at $80.82 on Wednesday. The company’s 50 day simple moving average is $80.80 and its 200 day simple moving average is $81.77. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $77.80 and a fifty-two week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 24th were paid a dividend of $0.3119 per share. The ex-dividend date was Tuesday, December 24th. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.30.

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.