Kovack Advisors Inc. Boosts Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Kovack Advisors Inc. boosted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 17.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,997 shares of the company’s stock after buying an additional 608 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of VCIT. Bull Oak Capital LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth approximately $27,000. Sound Income Strategies LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the 3rd quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock worth $30,000 after buying an additional 150 shares in the last quarter. Pineridge Advisors LLC raised its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 57.3% during the first quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock valued at $33,000 after acquiring an additional 150 shares during the period. American National Bank lifted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the second quarter. American National Bank now owns 471 shares of the company’s stock valued at $38,000 after acquiring an additional 195 shares in the last quarter. Finally, Lynx Investment Advisory bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth about $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT opened at $80.89 on Friday. The business’s 50 day moving average is $82.60 and its 200 day moving average is $81.37. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $77.12 and a 12-month high of $84.25.

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 given a dividend of $0.3166 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.80 annualized dividend and a dividend yield of 4.70%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30.

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.