Franklin Resources Inc. Cuts Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Franklin Resources Inc. reduced its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,968 shares of the company’s stock after selling 186 shares during the quarter. Franklin Resources Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 0.8% during the third quarter. Kingsview Wealth Management LLC now owns 16,824 shares of the company’s stock valued at $1,409,000 after purchasing an additional 139 shares during the last quarter. Breakwater Capital Group increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 0.9% in the third quarter. Breakwater Capital Group now owns 43,442 shares of the company’s stock valued at $3,638,000 after acquiring an additional 388 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 207,407 shares of the company’s stock worth $17,370,000 after buying an additional 8,099 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 12.8% in the second quarter. J.W. Cole Advisors Inc. now owns 58,890 shares of the company’s stock worth $4,707,000 after purchasing an additional 6,690 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $462,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ:VCIT opened at $80.27 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $77.80 and a 1 year high of $84.25. The stock’s 50-day moving average is $81.24 and its 200 day moving average is $81.78.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 24th were paid a $0.3119 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.30.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.