Fortis Capital Management LLC Sells 18,944 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Fortis Capital Management LLC cut its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,960 shares of the company’s stock after selling 18,944 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.6% of Fortis Capital Management LLC’s portfolio, making the stock its 11th largest position. Fortis Capital Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,120,000 as of its most recent SEC filing.

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

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $80.93 on Thursday. The company’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 fifty-two week low of $76.66 and a fifty-two week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

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