Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Position Cut by TT Capital Management LLC

TT Capital Management LLC trimmed its holdings in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 2.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,351 shares of the company’s stock after selling 585 shares during the quarter. Vanguard Short-Term Corporate Bond ETF comprises about 1.3% of TT Capital Management LLC’s portfolio, making the stock its 16th biggest holding. TT Capital Management LLC’s holdings in Vanguard Short-Term Corporate Bond ETF were worth $1,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Vanguard Short-Term Corporate Bond ETF by 18.0% in the 4th quarter. Bank of America Corp DE now owns 61,050,360 shares of the company’s stock worth $4,762,539,000 after buying an additional 9,313,379 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Vanguard Short-Term Corporate Bond ETF by 12.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,142,250 shares of the company’s stock valued at $635,177,000 after purchasing an additional 874,756 shares in the last quarter. Royal Bank of Canada boosted its stake in Vanguard Short-Term Corporate Bond ETF by 0.5% during the 4th quarter. Royal Bank of Canada now owns 5,568,019 shares of the company’s stock valued at $434,362,000 after purchasing an additional 28,507 shares in the last quarter. Vanguard Group Inc. boosted its stake in Vanguard Short-Term Corporate Bond ETF by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 5,431,628 shares of the company’s stock valued at $423,721,000 after purchasing an additional 317,430 shares in the last quarter. Finally, Barings LLC boosted its stake in Vanguard Short-Term Corporate Bond ETF by 0.8% during the 4th quarter. Barings LLC now owns 5,149,957 shares of the company’s stock valued at $401,748,000 after purchasing an additional 41,430 shares in the last quarter.

Vanguard Short-Term Corporate Bond ETF Stock Up 0.1%

Shares of NASDAQ VCSH opened at $79.04 on Friday. The stock has a fifty day moving average price of $78.75 and a two-hundred day moving average price of $78.49. Vanguard Short-Term Corporate Bond ETF has a 1 year low of $76.92 and a 1 year high of $79.54.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.297 per share. This is a positive change from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.28. This represents a $3.56 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Monday, June 2nd.

About Vanguard Short-Term Corporate Bond ETF

The Vanguard Short-Term Corporate Bond ETF (VCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade, fixed-rate corporate bonds with maturities between 1 and 5 years. VCSH was launched on Nov 19, 2009 and is managed by Vanguard.