Financial Management Network Inc. Acquires New Position 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, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,999 shares of the company’s stock, valued at approximately $1,031,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Vanguard Short-Term Corporate Bond ETF by 3.0% in the 4th quarter. Bank of America Corp DE now owns 71,249,778 shares of the company’s stock valued at $5,680,745,000 after acquiring an additional 2,051,450 shares during the period. Morgan Stanley grew its holdings in Vanguard Short-Term Corporate Bond ETF by 1.4% during the fourth quarter. Morgan Stanley now owns 19,425,956 shares of the company’s stock valued at $1,548,832,000 after purchasing an additional 260,009 shares during the period. Prudential PLC grew its holdings in Vanguard Short-Term Corporate Bond ETF by 8.6% during 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 period. Nepc LLC increased its stake in Vanguard Short-Term Corporate Bond ETF by 15.0% in the fourth quarter. Nepc LLC now owns 5,763,304 shares of the company’s stock valued at $459,508,000 after purchasing an additional 752,893 shares in the last quarter. Finally, UBS Group AG increased its stake in Vanguard Short-Term Corporate Bond ETF by 1.3% in the fourth quarter. UBS Group AG now owns 5,363,895 shares of the company’s stock valued at $427,663,000 after purchasing an additional 67,797 shares in the last quarter.

Vanguard Short-Term Corporate Bond ETF Trading Down 0.1%

VCSH opened at $78.77 on Tuesday. The firm’s fifty day moving average is $79.04 and its two-hundred day moving average is $79.44. Vanguard Short-Term Corporate Bond ETF has a twelve month low of $78.60 and a twelve month high of $80.26.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

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

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.