Financial Management Network Inc. Invests $1.03 Million in Vanguard Short-Term Corporate Bond ETF $VCSH

Financial Management Network Inc. purchased a new stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) during the first quarter, HoldingsChannel.com reports. The fund purchased 12,999 shares of the company’s stock, valued at approximately $1,031,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Vanguard Short-Term Corporate Bond ETF by 8.1% during the 3rd quarter. Bank of America Corp DE now owns 69,198,328 shares of the company’s stock worth $5,531,022,000 after acquiring an additional 5,170,864 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 100.0% in the second quarter. Corient Private Wealth LLC now owns 4,254,070 shares of the company’s stock valued at $338,199,000 after purchasing an additional 2,127,325 shares during the last quarter. South Dakota Investment Council acquired a new stake in shares of Vanguard Short-Term Corporate Bond ETF in the fourth quarter valued at approximately $130,625,000. Prudential PLC raised its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 8.6% in the fourth quarter. Prudential PLC now owns 13,488,580 shares of the company’s stock valued at $1,075,444,000 after purchasing an additional 1,063,112 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Vanguard Short-Term Corporate Bond ETF in the fourth quarter worth $67,772,000.

Vanguard Short-Term Corporate Bond ETF Stock Performance

Shares of VCSH opened at $78.77 on Tuesday. Vanguard Short-Term Corporate Bond ETF has a 12 month low of $78.60 and a 12 month high of $80.26. The firm has a fifty day simple moving average of $79.04 and a 200 day simple moving average of $79.44.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

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

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.