Charles Schwab Investment Advisory Inc. Cuts Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Charles Schwab Investment Advisory Inc. decreased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,336 shares of the company’s stock after selling 14,643 shares during the quarter. Charles Schwab Investment Advisory Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $11,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stokes Family Office LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 37.1% during the fourth quarter. Stokes Family Office LLC now owns 24,052 shares of the company’s stock worth $1,955,000 after purchasing an additional 6,506 shares in the last quarter. Divergent Planning LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.3% during the fourth quarter. Divergent Planning LLC now owns 238,968 shares of the company’s stock worth $19,323,000 after purchasing an additional 7,577 shares in the last quarter. Redmont Wealth Advisors LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 24.1% in the fourth quarter. Redmont Wealth Advisors LLC now owns 27,618 shares of the company’s stock worth $2,245,000 after buying an additional 5,368 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth approximately $316,000. Finally, Crewe Advisors LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 369.3% in the fourth quarter. Crewe Advisors LLC now owns 11,208 shares of the company’s stock worth $911,000 after buying an additional 8,820 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.3 %

VCIT traded down $0.25 during midday trading on Thursday, hitting $80.95. The stock had a trading volume of 6,506,729 shares, compared to its average volume of 7,205,488. The business has a fifty day moving average of $80.01 and a 200 day moving average of $79.91. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $73.78 and a 1 year high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were paid a $0.2887 dividend. The ex-dividend date of this dividend was Monday, July 1st.

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.