Fortis Capital Management LLC Has $8.12 Million Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Fortis Capital Management LLC lowered its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 16.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 96,960 shares of the company’s stock after selling 18,944 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF makes up 1.6% of Fortis Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Fortis Capital Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,120,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Kovack Advisors Inc. raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 17.9% during the third quarter. Kovack Advisors Inc. now owns 3,997 shares of the company’s stock worth $335,000 after acquiring an additional 608 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 24.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 91,331 shares of the company’s stock worth $7,649,000 after purchasing an additional 17,653 shares in the last quarter. Pinnacle Financial Partners Inc lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 33.7% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 77,860 shares of the company’s stock valued at $6,521,000 after purchasing an additional 19,639 shares during the last quarter. Hassell Wealth Management LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 5.5% in the third quarter. Hassell Wealth Management LLC now owns 238,197 shares of the company’s stock valued at $19,382,000 after buying an additional 12,411 shares in the last quarter. Finally, Haverford Trust Co bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth about $380,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ VCIT opened at $80.93 on Thursday. The stock’s 50 day simple moving average is $82.70 and its 200 day simple moving average is $81.37. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $76.66 and a one year high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were issued a dividend of $0.3166 per share. The ex-dividend date was Friday, November 1st. This represents a $3.80 dividend on an annualized basis and a yield of 4.69%. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30.

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.