Alpha Cubed Investments LLC Lowers Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Alpha Cubed Investments LLC cut its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,134 shares of the company’s stock after selling 2,345 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $15,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VCIT. Prudential PLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% during the second quarter. Prudential PLC now owns 22,681,050 shares of the company’s stock worth $1,812,896,000 after buying an additional 10,210,788 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.4% in the fourth quarter. Fisher Asset Management LLC now owns 73,066,770 shares of the company’s stock worth $5,938,867,000 after acquiring an additional 4,407,258 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 6.6% in the first quarter. JPMorgan Chase & Co. now owns 62,648,363 shares of the company’s stock worth $5,043,820,000 after acquiring an additional 3,892,110 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 41.0% in the second quarter. Envestnet Asset Management Inc. now owns 10,027,030 shares of the company’s stock worth $801,460,000 after acquiring an additional 2,914,442 shares during the last quarter. Finally, Nepc LLC acquired a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth approximately $163,910,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT opened at $82.49 on Tuesday. The company’s 50 day simple moving average is $82.94 and its 200 day simple moving average is $80.87. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $73.78 and a 1 year high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.301 per share. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.