Sequoia Financial Advisors LLC Sells 707,883 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Sequoia Financial Advisors LLC reduced its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 80.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,485 shares of the company’s stock after selling 707,883 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $14,844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth approximately $25,000. Aspect Partners LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at $28,000. Chapman Financial Group LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth $31,000. NewSquare Capital LLC bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth $33,000. Finally, ORG Partners LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 360.0% during the second quarter. ORG Partners LLC now owns 414 shares of the company’s stock valued at $34,000 after purchasing an additional 324 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCIT opened at $83.78 on Monday. The firm has a fifty day simple moving average of $83.91 and a two-hundred day simple moving average of $83.65. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $78.66 and a 52 week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were given a dividend of $0.3223 per share. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

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. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.