Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Sets New 12-Month Low – Should You Sell?

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) hit a new 52-week low during trading on Tuesday . The stock traded as low as $80.56 and last traded at $80.58, with a volume of 311747 shares traded. The stock had previously closed at $81.09.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1%

The stock’s fifty day moving average price is $81.56 and its 200-day moving average price is $82.46.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, September 1st will be issued a $0.3401 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Investors Weigh In On Vanguard Intermediate-Term Corporate Bond ETF

Several institutional investors have recently modified their holdings of VCIT. Brighton Jones LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 107.9% during the fourth quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock worth $716,000 after purchasing an additional 4,627 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.4% in the second quarter. Daiwa Securities Group Inc. now owns 54,690 shares of the company’s stock valued at $4,535,000 after buying an additional 2,300 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 67.1% in the second quarter. Qube Research & Technologies Ltd now owns 298,502 shares of the company’s stock valued at $24,752,000 after buying an additional 119,837 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 347.4% during the 2nd quarter. Squarepoint Ops LLC now owns 15,132 shares of the company’s stock worth $1,255,000 after buying an additional 11,750 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 8.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 18,100 shares of the company’s stock worth $1,501,000 after buying an additional 1,433 shares during the last quarter.

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. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.