Tyche Wealth Partners LLC Cuts Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Tyche Wealth Partners LLC decreased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.9% in the first quarter, HoldingsChannel reports. The firm owned 2,707 shares of the company’s stock after selling 200 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VCIT. Truvestments Capital LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 145.6% during the fourth quarter. Truvestments Capital LLC now owns 334 shares of the company’s stock valued at $27,000 after purchasing an additional 198 shares during the last quarter. Tortoise Investment Management LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $28,000. Transce3nd LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at about $35,000. Noble Wealth Management PBC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter valued at about $38,000. Finally, Chapman Financial Group LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth about $44,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of VCIT stock opened at $82.41 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $78.66 and a 1 year high of $84.26. The stock’s 50 day simple moving average is $81.26 and its two-hundred day simple moving average is $80.99.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, June 2nd were given a dividend of $0.328 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.94 annualized dividend and a dividend yield of 4.78%. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32.

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.