Franklin Resources Inc. Decreases Position in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT)

Franklin Resources Inc. decreased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 5.9% during the third quarter, HoldingsChannel reports. The fund owned 2,968 shares of the company’s stock after selling 186 shares during the quarter. Franklin Resources Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $245,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VCIT. Peapack Gladstone Financial Corp increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 40.6% during the third quarter. Peapack Gladstone Financial Corp now owns 31,370 shares of the company’s stock worth $2,627,000 after acquiring an additional 9,064 shares during the period. Synovus Financial Corp grew its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 117.7% during the 3rd quarter. Synovus Financial Corp now owns 23,452 shares of the company’s stock worth $1,964,000 after acquiring an additional 12,679 shares in the last quarter. Tidal Investments LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 27.9% during the third quarter. Tidal Investments LLC now owns 15,425 shares of the company’s stock worth $1,287,000 after buying an additional 3,363 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 78.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,143 shares of the company’s stock worth $431,000 after buying an additional 2,261 shares during the last quarter. Finally, World Investment Advisors LLC raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 180.2% in the third quarter. World Investment Advisors LLC now owns 10,887 shares of the company’s stock valued at $912,000 after buying an additional 7,002 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.2 %

Shares of VCIT opened at $80.27 on Thursday. Vanguard Intermediate-Term Corporate Bond ETF has a one year low of $77.80 and a one year high of $84.25. The stock has a 50-day moving average of $81.24 and a two-hundred day moving average of $81.78.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.3119 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This is an increase from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.30.

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.