RKL Wealth Management LLC Trims Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

RKL Wealth Management LLC trimmed its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,681 shares of the company’s stock after selling 12,482 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.9% of RKL Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. RKL Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $21,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of VCIT. Palouse Capital Management Inc. increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 13.6% in the first quarter. Palouse Capital Management Inc. now owns 7,049 shares of the company’s stock valued at $583,000 after purchasing an additional 846 shares during the period. Newton One Investments LLC lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 2.9% during the first quarter. Newton One Investments LLC now owns 464,730 shares of the company’s stock worth $38,456,000 after purchasing an additional 13,102 shares during the period. Verus Wealth Management LLC lifted its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the first quarter. Verus Wealth Management LLC now owns 105,583 shares of the company’s stock worth $8,737,000 after purchasing an additional 6,571 shares during the period. Severin Investments LLC grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 317.7% in the 1st quarter. Severin Investments LLC now owns 46,867 shares of the company’s stock valued at $3,878,000 after buying an additional 35,648 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter valued at $226,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $82.19 on Thursday. The company’s fifty day moving average is $82.52 and its two-hundred day moving average is $83.22. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $81.43 and a 1 year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.3319 per share. The ex-dividend date is Wednesday, July 1st.

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. 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.