Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Shares Sold by Sheets Smith Wealth Management

Sheets Smith Wealth Management lowered its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 52,239 shares of the company’s stock after selling 427 shares during the period. Sheets Smith Wealth Management’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $4,246,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VCIT. Cullen Frost Bankers Inc. raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 740.5% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 353 shares of the company’s stock valued at $27,000 after acquiring an additional 311 shares during the last quarter. CarsonAllaria Wealth Management Ltd. purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth approximately $32,000. Evolution Advisers Inc. acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth $35,000. AdvisorNet Financial Inc grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 344.8% in the 4th quarter. AdvisorNet Financial Inc now owns 516 shares of the company’s stock valued at $42,000 after buying an additional 400 shares in the last quarter. Finally, Gradient Investments LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 56.3% in the 4th quarter. Gradient Investments LLC now owns 791 shares of the company’s stock worth $64,000 after acquiring an additional 285 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.6 %

Shares of VCIT stock traded up $0.46 on Friday, hitting $79.26. 6,946,854 shares of the stock traded hands, compared to its average volume of 8,051,373. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $73.78 and a twelve month high of $81.65. The firm’s 50-day moving average price is $79.46 and its two-hundred day moving average price is $79.14.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd will be given a $0.2919 dividend. The ex-dividend date of this dividend is Wednesday, May 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.