Synovus Financial Corp Raises Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Synovus Financial Corp boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 117.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 23,452 shares of the company’s stock after buying an additional 12,679 shares during the period. Synovus Financial Corp’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VCIT. Providence Capital Advisors LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth about $25,000. Bull Oak Capital LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth $27,000. Sound Income Strategies LLC boosted its position in 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 buying an additional 150 shares during the period. American National Bank boosted its holdings in shares of 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, Financial Gravity Asset Management Inc. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 68,600.0% during the 2nd 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

NASDAQ:VCIT opened at $81.33 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $77.80 and a one year high of $84.25. The firm has a 50-day simple moving average of $81.73 and a 200-day simple moving average of $81.74.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were issued a $0.3166 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. This represents a $3.80 dividend on an annualized basis and a yield of 4.67%.

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.