Avaii Wealth Management LLC Sells 778 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Avaii Wealth Management LLC lowered its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,301 shares of the company’s stock after selling 778 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF comprises 0.7% of Avaii Wealth Management LLC’s holdings, making the stock its 27th largest position. Avaii Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 740.5% in the third quarter. Cullen Frost Bankers Inc. now owns 353 shares of the company’s stock worth $27,000 after acquiring an additional 311 shares during the last quarter. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth about $32,000. Evolution Advisers Inc. purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $35,000. AdvisorNet Financial Inc grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 344.8% during the 4th quarter. AdvisorNet Financial Inc now owns 516 shares of the company’s stock valued at $42,000 after buying an additional 400 shares in the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 56.3% in the 4th quarter. Gradient Investments LLC now owns 791 shares of the company’s stock valued at $64,000 after purchasing an additional 285 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock traded up $0.26 on Monday, reaching $78.67. 2,661,623 shares of the company’s stock were exchanged, compared to its average volume of 7,997,121. The company’s fifty day simple moving average is $79.57 and its 200 day simple moving average is $79.01. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $73.78 and a 52 week high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a $0.2944 dividend. The ex-dividend date was Monday, April 1st. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.28.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.