Lake Street Advisors Group LLC Acquires Shares of 6,779 Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Lake Street Advisors Group LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 1st quarter, HoldingsChannel reports. The fund bought 6,779 shares of the company’s stock, valued at approximately $546,000.

A number of other institutional investors have also recently made changes to their positions in VCIT. BKM Wealth Management LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth $87,000. HB Wealth Management LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 9.3% in the 4th quarter. HB Wealth Management LLC now owns 3,066 shares of the company’s stock worth $249,000 after buying an additional 262 shares in the last quarter. Wealthsource Partners LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth about $271,000. Raymond James & Associates increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 10.5% in the 4th quarter. Raymond James & Associates now owns 1,898,693 shares of the company’s stock worth $154,326,000 after buying an additional 179,870 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 18.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,804 shares of the company’s stock worth $472,000 after buying an additional 913 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

NASDAQ VCIT traded up $0.31 during trading hours on Thursday, hitting $80.82. The company’s stock had a trading volume of 1,317,391 shares, compared to its average volume of 7,064,830. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $73.78 and a 12 month high of $81.65. The company’s 50 day simple moving average is $80.14 and its two-hundred day simple moving average is $79.91.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a dividend of $0.2887 per share. The ex-dividend date of this dividend was Monday, July 1st.

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.