Forza Wealth Management LLC Sells 700 Shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Forza Wealth Management LLC reduced its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 11.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,542 shares of the company’s stock after selling 700 shares during the quarter. Forza Wealth Management LLC’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Financial Advisors LLC grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 4.7% during the first quarter. American Financial Advisors LLC now owns 269,625 shares of the company’s stock valued at $21,708,000 after purchasing an additional 11,991 shares during the period. Bay Rivers Group boosted its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.0% during the first quarter. Bay Rivers Group now owns 44,284 shares of the company’s stock worth $3,565,000 after purchasing an additional 1,692 shares in the last quarter. PFG Investments LLC grew its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 73.3% in the 1st quarter. PFG Investments LLC now owns 38,755 shares of the company’s stock valued at $3,120,000 after buying an additional 16,395 shares during the period. Financial Management Network Inc. increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 68.3% in the 1st quarter. Financial Management Network Inc. now owns 90,328 shares of the company’s stock valued at $7,205,000 after buying an additional 36,654 shares in the last quarter. Finally, Drive Wealth Management LLC increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 19.2% in the 1st quarter. Drive Wealth Management LLC now owns 34,961 shares of the company’s stock valued at $2,815,000 after buying an additional 5,636 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT stock traded up $0.27 during midday trading on Monday, hitting $78.68. 6,605,058 shares of the company’s stock were exchanged, compared to its average volume of 8,046,441. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $73.78 and a one year high of $81.65. The stock’s fifty day moving average price is $79.55 and its 200-day moving average price is $79.03.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2944 per share. The ex-dividend date was Monday, April 1st. This is a positive change from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.28.

Vanguard Intermediate-Term Corporate Bond ETF Company 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.