MAI Capital Management Sells 2,670 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

MAI Capital Management lessened its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 13.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,998 shares of the company’s stock after selling 2,670 shares during the quarter. MAI Capital Management’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VCIT. Concorde Asset Management LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 3.0% in the 1st quarter. Concorde Asset Management LLC now owns 4,271 shares of the company’s stock valued at $347,000 after acquiring an additional 125 shares during the last quarter. Silver Oak Advisory Group Inc. grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.1% during the first quarter. Silver Oak Advisory Group Inc. now owns 11,656 shares of the company’s stock valued at $953,000 after purchasing an additional 127 shares in the last quarter. NorthRock Partners LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 54.1% in the first quarter. NorthRock Partners LLC now owns 376 shares of the company’s stock worth $31,000 after purchasing an additional 132 shares during the last quarter. Berger Financial Group Inc increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.9% in the first quarter. Berger Financial Group Inc now owns 2,836 shares of the company’s stock worth $232,000 after purchasing an additional 133 shares during the last quarter. Finally, Leo Wealth LLC lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.8% in the second quarter. Leo Wealth LLC now owns 7,998 shares of the company’s stock worth $651,000 after buying an additional 143 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $84.03 on Monday. The stock has a 50 day moving average of $84.11 and a 200 day moving average of $82.96. Vanguard Intermediate-Term Corporate Bond ETF has a 12 month low of $78.66 and a 12 month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were given a dividend of $0.326 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Wednesday, October 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.