Shum Financial Group Inc. Buys Shares of 9,116 Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Shum Financial Group Inc. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) in the third quarter, Holdings Channel reports. The fund bought 9,116 shares of the company’s stock, valued at approximately $742,000.

A number of other hedge funds have also added to or reduced their stakes in VCIT. Bull Oak Capital LLC bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter valued at about $27,000. Sound Income Strategies LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the third quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. Pineridge Advisors LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 57.3% in the first quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares during the last quarter. American National Bank grew its stake in Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the second quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after purchasing an additional 195 shares during the period. Finally, Lynx Investment Advisory purchased a new stake in Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth $42,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

VCIT stock traded down $0.19 during midday trading on Tuesday, hitting $81.49. The stock had a trading volume of 1,140,369 shares, compared to its average volume of 6,951,095. The business has a 50-day moving average of $82.25 and a two-hundred day moving average of $81.51. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.68 and a 52-week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were issued a $0.3166 dividend. This represents a $3.80 annualized dividend and a yield of 4.66%. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date was Friday, November 1st.

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.