GDS Wealth Management Increases Stock Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

GDS Wealth Management raised its stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 640,284 shares of the company’s stock after acquiring an additional 71,507 shares during the quarter. Vanguard Intermediate-Term Corporate Bond ETF makes up 3.6% of GDS Wealth Management’s holdings, making the stock its 2nd biggest position. GDS Wealth Management owned approximately 0.10% of Vanguard Intermediate-Term Corporate Bond ETF worth $53,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VCIT. Caldwell Trust Co purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at approximately $25,000. Aspect Partners LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at $28,000. Chapman Financial Group LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter valued at $31,000. NewSquare Capital LLC purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at $33,000. Finally, ORG Partners LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 360.0% during the 2nd quarter. ORG Partners LLC now owns 414 shares of the company’s stock worth $34,000 after acquiring an additional 324 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of Vanguard Intermediate-Term Corporate Bond ETF stock opened at $83.89 on Friday. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $78.66 and a 52-week high of $84.84. The stock’s 50-day simple moving average is $83.91 and its 200 day simple moving average is $83.69.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, December 1st were issued a $0.3223 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.6%.

Vanguard Intermediate-Term Corporate Bond ETF 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. 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.