Essex LLC Sells 174,607 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Essex LLC lowered its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 29.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 415,331 shares of the company’s stock after selling 174,607 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for about 6.3% of Essex LLC’s holdings, making the stock its biggest position. Essex LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $34,934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VCIT. Caldwell Trust Co purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth $25,000. Mattson Financial Services LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the first quarter valued at about $28,000. Aspect Partners LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth about $28,000. Chapman Financial Group LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth about $31,000. Finally, NewSquare Capital LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth about $33,000.

Vanguard Intermediate-Term Corporate Bond ETF Trading Down 0.2%

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $83.78 on Friday. The stock has a 50-day simple moving average of $83.89 and a 200-day simple moving average of $83.58. 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 firm also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were given a $0.3223 dividend. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, December 1st.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.