Fagan Associates Inc. Trims Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Fagan Associates Inc. lowered its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,290 shares of the company’s stock after selling 332 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.3% of Fagan Associates Inc.’s portfolio, making the stock its 20th largest position. Fagan Associates Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of VCIT. International Assets Investment Management LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 16,198.3% during the third quarter. International Assets Investment Management LLC now owns 2,382,811 shares of the company’s stock valued at $199,560,000 after buying an additional 2,368,191 shares during the period. Life Planning Partners Inc increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7,732.2% during the fourth quarter. Life Planning Partners Inc now owns 2,308,083 shares of the company’s stock valued at $185,270,000 after buying an additional 2,278,614 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 47,196,763 shares of the company’s stock valued at $3,952,729,000 after buying an additional 1,165,222 shares during the period. Benjamin Edwards Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1,284.5% during the third quarter. Benjamin Edwards Inc. now owns 677,989 shares of the company’s stock valued at $56,782,000 after buying an additional 629,019 shares during the period. Finally, Constellation Investments Inc. purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at about $50,169,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT opened at $80.72 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a fifty-two week low of $77.80 and a fifty-two week high of $84.25. The firm’s 50-day simple moving average is $80.49 and its two-hundred day simple moving average is $81.72.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a $0.3129 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.31.

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.