Davidson Capital Management Inc. Acquires 62,705 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Davidson Capital Management Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 870,565 shares of the company’s stock after purchasing an additional 62,705 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for approximately 18.4% of Davidson Capital Management Inc.’s investment portfolio, making the stock its biggest holding. Davidson Capital Management Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $69,880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VCIT. Providence Capital Advisors LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $25,000. Bull Oak Capital LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at $27,000. Sound Income Strategies LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% during the third quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock valued at $30,000 after acquiring an additional 150 shares during the last quarter. Nvwm LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 42.6% during the fourth quarter. Nvwm LLC now owns 499 shares of the company’s stock valued at $40,000 after acquiring an additional 149 shares during the last quarter. Finally, Field & Main Bank acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter worth about $52,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCIT opened at $80.58 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $77.80 and a 1 year high of $84.25. The business’s 50-day moving average is $80.65 and its 200-day moving average is $81.76.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a $0.3129 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.31.

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.