Avidian Wealth Enterprises LLC Sells 599 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Avidian Wealth Enterprises LLC reduced its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,685 shares of the company’s stock after selling 599 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Drive Wealth Management LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.4% in the 2nd quarter. Drive Wealth Management LLC now owns 51,568 shares of the company’s stock valued at $4,276,000 after acquiring an additional 3,107 shares in the last quarter. Crewe Advisors LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at approximately $7,246,000. FLC Capital Advisors boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 20.8% during the second quarter. FLC Capital Advisors now owns 138,164 shares of the company’s stock valued at $11,457,000 after purchasing an additional 23,790 shares during the last quarter. Sigma Investment Counselors Inc. lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.6% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 110,426 shares of the company’s stock worth $9,156,000 after buying an additional 4,903 shares during the last quarter. Finally, Gladwyn Financial Advisors Inc. acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth about $3,981,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.1%

Shares of VCIT opened at $84.65 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a 52 week low of $78.66 and a 52 week high of $84.80. The firm’s 50-day simple moving average is $83.88 and its 200 day simple moving average is $82.41.

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 paid a dividend of $0.326 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

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.