MMA Asset Management LLC Sells 18,985 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

MMA Asset Management LLC lowered its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 24.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,477 shares of the company’s stock after selling 18,985 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 2.7% of MMA Asset Management LLC’s portfolio, making the stock its 11th biggest holding. MMA Asset Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $4,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Tidemark LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $30,000. CarsonAllaria Wealth Management Ltd. purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at approximately $32,000. Evolution Advisers Inc. purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at approximately $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, Private Wealth Management Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at approximately $43,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ VCIT traded up $0.16 during trading on Friday, hitting $79.56. 2,336,942 shares of the stock traded hands, compared to its average volume of 7,906,216. The firm has a 50-day simple moving average of $79.30 and a 200-day simple moving average of $79.62. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $73.78 and a 12-month high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd were issued a dividend of $0.2919 per share. The ex-dividend date was Wednesday, May 1st.

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.