Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Sees Large Volume Increase – What’s Next?

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) saw an uptick in trading volume on Tuesday . 28,281,677 shares were traded during trading, an increase of 179% from the previous session’s volume of 10,133,357 shares.The stock last traded at $83.9950 and had previously closed at $83.83.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

The stock has a 50 day moving average price of $83.89 and a 200 day moving average price of $83.61.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VCIT. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 67.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,827 shares of the company’s stock worth $2,004,000 after buying an additional 9,607 shares during the period. Cordant Inc. raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 3.8% in the 3rd quarter. Cordant Inc. now owns 174,275 shares of the company’s stock worth $14,658,000 after acquiring an additional 6,300 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 2nd quarter worth $10,304,000. B. Riley Wealth Advisors Inc. bought a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the second quarter valued at about $935,000. Finally, Grandview Asset Management LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 5.1% during the second quarter. Grandview Asset Management LLC now owns 13,352 shares of the company’s stock valued at $1,107,000 after purchasing an additional 643 shares in the last quarter.

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. 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.