Steele Capital Management Inc. Acquires 303,093 Shares of Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Steele Capital Management Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 75.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 705,022 shares of the company’s stock after buying an additional 303,093 shares during the period. Vanguard Intermediate-Term Corporate Bond ETF accounts for 2.6% of Steele Capital Management Inc.’s investment portfolio, making the stock its 15th biggest position. Steele Capital Management Inc. owned approximately 0.11% of Vanguard Intermediate-Term Corporate Bond ETF worth $59,299,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VCIT. Sonoma Allocations LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the third quarter worth $435,000. Hudock Inc. raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 1.2% during the 3rd quarter. Hudock Inc. now owns 484,052 shares of the company’s stock valued at $40,714,000 after purchasing an additional 5,557 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 67.6% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,827 shares of the company’s stock valued at $2,004,000 after purchasing an additional 9,607 shares during the period. Capital Investment Advisors LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 7.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 3,861 shares of the company’s stock worth $325,000 after purchasing an additional 258 shares in the last quarter. Finally, Chandler Asset Management Inc. boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 0.7% in the 3rd quarter. Chandler Asset Management Inc. now owns 36,215 shares of the company’s stock worth $3,046,000 after purchasing an additional 235 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.2%

VCIT stock opened at $83.91 on Friday. The stock has a 50-day simple moving average of $83.88 and a two-hundred day simple moving average of $83.59. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $78.66 and a twelve month high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, December 1st were paid a dividend of $0.3223 per share. 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.