Novem Group Invests $2.55 Million in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Novem Group acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the 4th quarter, Holdings Channel.com reports. The firm acquired 31,723 shares of the company’s stock, valued at approximately $2,546,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. US Financial Advisors LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.8% in the 4th quarter. US Financial Advisors LLC now owns 118,754 shares of the company’s stock worth $9,532,000 after purchasing an additional 4,337 shares in the last quarter. Waverly Advisors LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 12.9% in the 4th quarter. Waverly Advisors LLC now owns 446,619 shares of the company’s stock worth $35,850,000 after purchasing an additional 50,904 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth $9,766,000. Tidal Investments LLC increased its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.0% in the 4th quarter. Tidal Investments LLC now owns 15,884 shares of the company’s stock worth $1,275,000 after purchasing an additional 459 shares in the last quarter. Finally, Texas Bank & Trust Co purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 4th quarter worth $250,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ:VCIT opened at $81.17 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $78.66 and a one year high of $84.26. The business has a fifty day moving average price of $81.03 and a 200-day moving average price of $80.97.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, May 1st were paid a $0.3151 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $3.78 dividend on an annualized basis and a yield of 4.66%.

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.