Axos Invest Inc. Acquires Shares of 14,911 Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Axos Invest Inc. bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 3rd quarter, Holdings Channel reports. The fund bought 14,911 shares of the company’s stock, valued at approximately $1,249,000. Vanguard Intermediate-Term Corporate Bond ETF makes up 0.9% of Axos Invest Inc.’s holdings, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bull Oak Capital LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at about $27,000. Sound Income Strategies LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the third quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares during the period. Pineridge Advisors LLC boosted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 57.3% in the 1st quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares in the last quarter. American National Bank increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 70.7% during the 2nd quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after purchasing an additional 195 shares during the period. Finally, Lynx Investment Advisory purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth approximately $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT opened at $81.03 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $77.58 and a 12 month high of $84.25. The business has a 50 day simple moving average of $82.40 and a 200-day simple moving average of $81.45.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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