Oppenheimer & Co. Inc. Sells 34,415 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Oppenheimer & Co. Inc. trimmed its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 23.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 111,456 shares of the company’s stock after selling 34,415 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $9,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Richards Merrill & Peterson Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth approximately $30,000. Chapman Financial Group LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth approximately $31,000. United Financial Planning Group LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth approximately $34,000. Abich Financial Wealth Management LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth approximately $35,000. Finally, Founders Financial Alliance LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth approximately $45,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT opened at $82.58 on Friday. The firm has a 50 day moving average price of $83.22 and a 200 day moving average price of $83.73. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $80.42 and a 52-week high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, May 1st will be issued a dividend of $0.3262 per share. The ex-dividend date is Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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.