Ramiah Investment Group Invests $1.46 Million in Vanguard Short-Term Corporate Bond ETF $VCSH

Ramiah Investment Group acquired a new stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 18,240 shares of the company’s stock, valued at approximately $1,458,000. Vanguard Short-Term Corporate Bond ETF accounts for 1.4% of Ramiah Investment Group’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of VCSH. The Manufacturers Life Insurance Company increased its position in Vanguard Short-Term Corporate Bond ETF by 62.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,410,956 shares of the company’s stock worth $350,671,000 after buying an additional 1,688,808 shares during the last quarter. Corient Private Wealth LLC boosted its position in Vanguard Short-Term Corporate Bond ETF by 100.0% during the second quarter. Corient Private Wealth LLC now owns 4,254,070 shares of the company’s stock worth $338,199,000 after purchasing an additional 2,127,325 shares during the period. Raymond James Financial Inc. boosted its position in Vanguard Short-Term Corporate Bond ETF by 4.2% during the second quarter. Raymond James Financial Inc. now owns 3,402,154 shares of the company’s stock worth $270,471,000 after purchasing an additional 136,915 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Vanguard Short-Term Corporate Bond ETF by 146.6% in the second quarter. JPMorgan Chase & Co. now owns 2,974,971 shares of the company’s stock worth $236,510,000 after purchasing an additional 1,768,572 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Vanguard Short-Term Corporate Bond ETF by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 2,604,087 shares of the company’s stock valued at $207,025,000 after purchasing an additional 82,539 shares during the period.

Vanguard Short-Term Corporate Bond ETF Stock Performance

Shares of VCSH stock opened at $79.78 on Friday. The firm’s 50 day moving average is $79.74 and its 200 day moving average is $79.66. Vanguard Short-Term Corporate Bond ETF has a 12 month low of $77.58 and a 12 month high of $80.15.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were issued a $0.3005 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This is an increase from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.30. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Vanguard Short-Term Corporate Bond ETF 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.