Phillips Financial Management LLC Sells 13,169 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Phillips Financial Management LLC lessened its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 6.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 197,855 shares of the company’s stock after selling 13,169 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF comprises 1.3% of Phillips Financial Management LLC’s portfolio, making the stock its 25th largest holding. Phillips Financial Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $16,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.7% in the third quarter. Creative Planning now owns 24,067,807 shares of the company’s stock worth $2,015,679,000 after buying an additional 395,318 shares in the last quarter. Prudential PLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 81.9% in the 2nd quarter. Prudential PLC now owns 22,681,050 shares of the company’s stock valued at $1,812,896,000 after acquiring an additional 10,210,788 shares in the last quarter. LPL Financial LLC boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 0.7% during the 2nd quarter. LPL Financial LLC now owns 10,363,537 shares of the company’s stock valued at $828,357,000 after acquiring an additional 68,907 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 41.0% during the second quarter. Envestnet Asset Management Inc. now owns 10,027,030 shares of the company’s stock worth $801,460,000 after purchasing an additional 2,914,442 shares in the last quarter. Finally, Nepc LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 74.0% in the first quarter. Nepc LLC now owns 3,508,700 shares of the company’s stock worth $282,485,000 after purchasing an additional 1,492,093 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.1 %

Shares of VCIT opened at $80.89 on Monday. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $77.12 and a 1-year high of $84.25. The firm’s 50 day simple moving average is $82.56 and its 200 day simple moving average is $81.43.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a dividend of $0.3166 per share. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date was Friday, November 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.