Synovus Financial Corp Boosts Stock Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Synovus Financial Corp increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 64.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,516 shares of the company’s stock after purchasing an additional 15,064 shares during the quarter. Synovus Financial Corp’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $3,093,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VCIT. Truvestments Capital LLC raised its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 145.6% during the fourth quarter. Truvestments Capital LLC now owns 334 shares of the company’s stock worth $27,000 after purchasing an additional 198 shares during the last quarter. Tortoise Investment Management LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the fourth quarter worth about $28,000. Midwest Capital Advisors LLC acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the fourth quarter worth about $33,000. Nvwm LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 42.6% in the fourth quarter. Nvwm LLC now owns 499 shares of the company’s stock valued at $40,000 after acquiring an additional 149 shares during the period. Finally, Sound Income Strategies LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 50.7% in the 4th quarter. Sound Income Strategies LLC now owns 532 shares of the company’s stock worth $43,000 after purchasing an additional 179 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.6 %

NASDAQ:VCIT opened at $80.06 on Tuesday. The company has a 50 day moving average price of $81.14 and a 200-day moving average price of $81.22. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $77.80 and a 1-year high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.3189 per share. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.32. This represents a $3.83 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Tuesday, April 1st.

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.