Peak Financial Management Inc. Reduces Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Peak Financial Management Inc. lessened its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 112,528 shares of the company’s stock after selling 7,039 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 3.1% of Peak Financial Management Inc.’s investment portfolio, making the stock its 10th largest position. Peak Financial Management Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $9,146,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VCIT. MAS Advisors LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 5.5% in the 1st quarter. MAS Advisors LLC now owns 17,908 shares of the company’s stock worth $1,540,000 after purchasing an additional 926 shares in the last quarter. BlackRock Inc. lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 2.4% during the 1st quarter. BlackRock Inc. now owns 213,745 shares of the company’s stock valued at $18,391,000 after acquiring an additional 4,938 shares during the period. Sei Investments Co. bought a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 1st quarter valued at about $220,000. Baird Financial Group Inc. lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 301,845 shares of the company’s stock valued at $25,970,000 after acquiring an additional 14,743 shares during the period. Finally, Zions Bancorporation N.A. bought a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 1st quarter valued at about $221,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT opened at $80.51 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $73.78 and a 52-week high of $81.65. The company’s 50-day simple moving average is $80.16 and its two-hundred day simple moving average is $78.56.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Monday, March 4th were given a dividend of $0.2732 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, March 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.