Novak & Powell Financial Services Inc. Purchases 7,891 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Novak & Powell Financial Services Inc. raised its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 73.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 18,679 shares of the company’s stock after acquiring an additional 7,891 shares during the period. Novak & Powell Financial Services Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $1,571,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caldwell Trust Co acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter valued at $25,000. Chapman Financial Group LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth $31,000. United Financial Planning Group LLC acquired a new position in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth $34,000. Abich Financial Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at $35,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at about $37,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

NASDAQ:VCIT opened at $82.79 on Tuesday. The firm has a 50-day moving average of $83.94 and a 200-day moving average of $84.00. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $78.66 and a one year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.3026 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.4%.

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. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.