AMI Investment Management Inc. Sells 1,265 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

AMI Investment Management Inc. lessened its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,837 shares of the company’s stock after selling 1,265 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up about 1.4% of AMI Investment Management Inc.’s holdings, making the stock its 22nd largest position. AMI Investment Management Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter valued at $26,000. Tidemark LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter valued at $30,000. Mather Group LLC. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 1st quarter valued at $30,000. Opal Wealth Advisors LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF in the 1st quarter worth about $33,000. Finally, Pineridge Advisors LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 57.3% during the 1st quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock valued at $33,000 after buying an additional 150 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Trading Up 0.5 %

Shares of VCIT traded up $0.43 during midday trading on Friday, hitting $83.15. 5,392,119 shares of the company traded hands, compared to its average volume of 6,959,416. The stock has a 50-day moving average of $81.15 and a 200-day moving average of $80.12. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $73.78 and a one year high of $83.18.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 5th. Shareholders of record on Thursday, August 1st were paid a $0.3011 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.27. This represents a $3.61 annualized dividend and a yield of 4.35%.

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.