Merit Financial Group LLC Trims Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Merit Financial Group LLC decreased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,530 shares of the company’s stock after selling 3,072 shares during the quarter. Merit Financial Group LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,090,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VCIT. Fisher Asset Management LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the fourth quarter. Fisher Asset Management LLC now owns 73,219,949 shares of the company’s stock worth $5,951,318,000 after purchasing an additional 4,560,437 shares during the last quarter. Royal Bank of Canada boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 22.2% in the third quarter. Royal Bank of Canada now owns 10,642,263 shares of the company’s stock valued at $808,597,000 after purchasing an additional 1,933,732 shares during the last quarter. LPL Financial LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 3.8% during the 3rd quarter. LPL Financial LLC now owns 10,439,091 shares of the company’s stock worth $793,162,000 after purchasing an additional 385,801 shares during the period. Prudential PLC raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% during the 3rd quarter. Prudential PLC now owns 9,778,515 shares of the company’s stock valued at $742,972,000 after buying an additional 4,402,033 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 7.6% during the 3rd quarter. Morgan Stanley now owns 9,343,865 shares of the company’s stock valued at $709,947,000 after buying an additional 661,996 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.6 %

Shares of VCIT traded up $0.46 during mid-day trading on Friday, reaching $79.26. The company had a trading volume of 6,946,721 shares, compared to its average volume of 8,051,373. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $73.78 and a 52-week high of $81.65. The stock has a 50 day moving average of $79.47 and a two-hundred day moving average of $79.05.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.2919 per share. The ex-dividend date is Wednesday, May 1st.

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.