Naviter Wealth LLC Sells 3,657 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Naviter Wealth LLC trimmed its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.1% during the first quarter, HoldingsChannel.com reports. The fund owned 67,402 shares of the company’s stock after selling 3,657 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up 0.9% of Naviter Wealth LLC’s portfolio, making the stock its 23rd biggest position. Naviter Wealth LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $5,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in VCIT. Creekmur Asset Management LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth $26,000. Tidemark LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth $30,000. Mather Group LLC. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the first quarter worth $33,000. Finally, Evolution Advisers Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth $35,000.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT traded up $0.35 during midday trading on Tuesday, reaching $79.64. 3,050,341 shares of the company were exchanged, compared to its average volume of 7,427,667. The stock’s 50-day moving average price is $79.57 and its 200-day moving average price is $79.94. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $73.78 and a one year high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st will be issued a dividend of $0.2887 per share. The ex-dividend date is Monday, July 1st.

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.