Cornerstone Financial Management LLC Acquires New Stake in Vanguard Short-Term Corporate Bond ETF $VCSH

Cornerstone Financial Management LLC acquired a new stake in shares of Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,812 shares of the company’s stock, valued at approximately $1,978,000. Vanguard Short-Term Corporate Bond ETF makes up approximately 1.9% of Cornerstone Financial Management LLC’s holdings, making the stock its 14th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VCSH. Imprint Wealth LLC bought a new position in Vanguard Short-Term Corporate Bond ETF during the 3rd quarter valued at approximately $26,000. Optima Capital LLC bought a new position in Vanguard Short-Term Corporate Bond ETF during the 4th quarter valued at approximately $27,000. Camelot Portfolios LLC bought a new position in Vanguard Short-Term Corporate Bond ETF during the 4th quarter valued at approximately $27,000. Jessup Wealth Management Inc bought a new position in Vanguard Short-Term Corporate Bond ETF during the 4th quarter valued at approximately $30,000. Finally, Colonial Trust Advisors increased its position in Vanguard Short-Term Corporate Bond ETF by 412.4% during the 4th quarter. Colonial Trust Advisors now owns 456 shares of the company’s stock valued at $36,000 after buying an additional 367 shares in the last quarter.

Vanguard Short-Term Corporate Bond ETF Stock Down 0.0%

VCSH stock opened at $78.91 on Friday. Vanguard Short-Term Corporate Bond ETF has a twelve month low of $78.60 and a twelve month high of $80.26. The business has a 50 day moving average of $79.07 and a 200 day moving average of $79.49.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a $0.2965 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.29.

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.