Verus Wealth Management LLC Takes $6.03 Million Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Verus Wealth Management LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 75,153 shares of the company’s stock, valued at approximately $6,033,000. Vanguard Intermediate-Term Corporate Bond ETF makes up approximately 6.8% of Verus Wealth Management LLC’s portfolio, making the stock its 3rd largest holding.

A number of other institutional investors have also recently bought and sold shares of the company. BetterWealth LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 1.9% in the fourth quarter. BetterWealth LLC now owns 46,099 shares of the company’s stock worth $3,700,000 after buying an additional 855 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 3.1% in the fourth quarter. Mayflower Financial Advisors LLC now owns 22,217 shares of the company’s stock worth $1,783,000 after purchasing an additional 658 shares in the last quarter. Falcon Wealth Planning bought a new position in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at about $606,000. Clarity Capital Advisors LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 15.0% in the fourth quarter. Clarity Capital Advisors LLC now owns 11,266 shares of the company’s stock worth $904,000 after buying an additional 1,469 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth about $297,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT opened at $80.82 on Wednesday. The business has a 50 day moving average price of $80.80 and a 200 day moving average price of $81.77. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $77.80 and a twelve month high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.3119 per share. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.30. The ex-dividend date was Tuesday, December 24th.

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.