Pines Wealth Management LLC Purchases New Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Pines Wealth Management LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,830 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds also recently made changes to their positions in VCIT. SeaCrest Wealth Management LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 13.4% in the 4th quarter. SeaCrest Wealth Management LLC now owns 3,826 shares of the company’s stock valued at $307,000 after acquiring an additional 451 shares during the period. Sovereign Financial Group Inc. grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 84.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 7,764 shares of the company’s stock worth $623,000 after purchasing an additional 3,565 shares during the last quarter. McNaughton Wealth Management LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 1.4% in the fourth quarter. McNaughton Wealth Management LLC now owns 39,386 shares of the company’s stock valued at $3,161,000 after purchasing an additional 534 shares during the period. Breakwater Capital Group raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.8% in the fourth quarter. Breakwater Capital Group now owns 44,209 shares of the company’s stock valued at $3,549,000 after buying an additional 767 shares during the last quarter. Finally, Cypress Financial Planning LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.8% in the fourth quarter. Cypress Financial Planning LLC now owns 399,215 shares of the company’s stock valued at $32,045,000 after buying an additional 6,919 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

NASDAQ VCIT opened at $79.25 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.80 and a 52-week high of $84.25. The business’s 50-day moving average price is $80.94 and its 200 day moving average price is $81.76.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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

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.