Merit Financial Group LLC Lowers Stake in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Merit Financial Group LLC cut its position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 99,530 shares of the company’s stock after selling 3,072 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $8,090,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 6.6% during the 4th quarter. Fisher Asset Management LLC now owns 73,219,949 shares of the company’s stock valued at $5,951,318,000 after purchasing an additional 4,560,437 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 22.2% during the third quarter. Royal Bank of Canada now owns 10,642,263 shares of the company’s stock valued at $808,597,000 after buying an additional 1,933,732 shares during the last quarter. LPL Financial LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 3.8% in the 3rd quarter. LPL Financial LLC now owns 10,439,091 shares of the company’s stock worth $793,162,000 after buying an additional 385,801 shares in the last quarter. Prudential PLC raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 81.9% in the 3rd quarter. Prudential PLC now owns 9,778,515 shares of the company’s stock worth $742,972,000 after buying an additional 4,402,033 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 7.6% during the 3rd quarter. Morgan Stanley now owns 9,343,865 shares of the company’s stock valued at $709,947,000 after acquiring an additional 661,996 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCIT traded up $0.46 during trading on Friday, reaching $79.26. 6,946,721 shares of the company traded hands, compared to its average volume of 8,051,373. The firm has a 50 day simple moving average of $79.47 and a 200-day simple moving average of $79.05. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $73.78 and a 52-week high of $81.65.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be given a dividend of $0.2919 per share. The ex-dividend date of this dividend is Wednesday, May 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.