Urban Financial Advisory Corp Makes New $158,000 Investment in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Urban Financial Advisory Corp bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 3rd quarter, Holdings Channel reports. The fund bought 1,888 shares of the company’s stock, valued at approximately $158,000. Vanguard Intermediate-Term Corporate Bond ETF comprises approximately 0.1% of Urban Financial Advisory Corp’s portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of VCIT. Providence Capital Advisors LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at about $25,000. Bull Oak Capital LLC purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the 3rd quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. American National Bank boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 70.7% during the 2nd quarter. American National Bank now owns 471 shares of the company’s stock valued at $38,000 after buying an additional 195 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 68,600.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 687 shares of the company’s stock worth $55,000 after buying an additional 686 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ:VCIT opened at $82.25 on Friday. The company has a fifty day simple moving average of $81.90 and a 200 day simple moving average of $81.64. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $77.80 and a 12-month high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a $0.3166 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30.

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.