Pinnacle Associates Ltd. Trims Stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)

Pinnacle Associates Ltd. reduced its holdings in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 1.4% during the first quarter, Holdings Channel.com reports. The fund owned 13,539 shares of the company’s stock after selling 192 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Vanguard Short-Term Corporate Bond ETF were worth $1,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 18.0% during the fourth quarter. Bank of America Corp DE now owns 61,050,360 shares of the company’s stock worth $4,762,539,000 after purchasing an additional 9,313,379 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Vanguard Short-Term Corporate Bond ETF by 12.0% during the fourth 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 during the last quarter. Royal Bank of Canada grew its stake in Vanguard Short-Term Corporate Bond ETF by 0.5% in the 4th quarter. Royal Bank of Canada now owns 5,568,019 shares of the company’s stock worth $434,362,000 after buying an additional 28,507 shares in the last quarter. Vanguard Group Inc. grew its stake in Vanguard Short-Term Corporate Bond ETF by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 5,431,628 shares of the company’s stock worth $423,721,000 after buying an additional 317,430 shares in the last quarter. Finally, American Family Investments Inc. increased its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 244.9% in the 4th quarter. American Family Investments Inc. now owns 5,042,000 shares of the company’s stock worth $393,326,000 after buying an additional 3,580,000 shares during the last quarter.

Vanguard Short-Term Corporate Bond ETF Stock Performance

Vanguard Short-Term Corporate Bond ETF stock opened at $79.32 on Monday. Vanguard Short-Term Corporate Bond ETF has a fifty-two week low of $77.58 and a fifty-two week high of $79.54. The firm’s fifty day moving average price is $79.01 and its 200-day moving average price is $78.68.

Vanguard Short-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st were given a dividend of $0.2903 per share. The ex-dividend date was Tuesday, July 1st. This represents a $3.48 dividend on an annualized basis and a yield of 4.39%.

Vanguard Short-Term Corporate Bond ETF Company Profile

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.