Davidson Capital Management Inc. Boosts Stock Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Davidson Capital Management Inc. boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 30.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,860 shares of the company’s stock after purchasing an additional 188,591 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 19.5% of Davidson Capital Management Inc.’s holdings, making the stock its largest holding. Davidson Capital Management Inc. owned 0.13% of Vanguard Intermediate-Term Corporate Bond ETF worth $67,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in VCIT. Bull Oak Capital LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth about $27,000. Sound Income Strategies LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% during the third quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock worth $30,000 after buying an additional 150 shares in the last quarter. Pineridge Advisors LLC raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 57.3% in the first quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares during the period. American National Bank raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the second quarter. American National Bank now owns 471 shares of the company’s stock valued at $38,000 after purchasing an additional 195 shares during the period. Finally, Lynx Investment Advisory purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT stock traded down $0.21 on Tuesday, hitting $81.40. The stock had a trading volume of 1,900,889 shares, compared to its average volume of 6,992,669. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $74.32 and a 1 year high of $84.25. The company’s 50 day moving average price is $83.04 and its 200-day moving average price is $81.14.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.301 per share. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Tuesday, September 3rd.

Vanguard Intermediate-Term Corporate Bond ETF 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.