Vanguard Short-Term Corporate Bond ETF $VCSH Shares Sold by Sheets Smith Investment Management

Sheets Smith Investment Management decreased its holdings in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 72.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,038 shares of the company’s stock after selling 73,182 shares during the quarter. Vanguard Short-Term Corporate Bond ETF comprises approximately 1.5% of Sheets Smith Investment Management’s portfolio, making the stock its 17th biggest holding. Sheets Smith Investment Management’s holdings in Vanguard Short-Term Corporate Bond ETF were worth $2,241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC purchased a new position in shares of Vanguard Short-Term Corporate Bond ETF in the 2nd quarter valued at about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in Vanguard Short-Term Corporate Bond ETF during the second quarter worth about $37,000. Avion Wealth acquired a new position in Vanguard Short-Term Corporate Bond ETF during the second quarter worth about $39,000. Twin Peaks Wealth Advisors LLC acquired a new position in Vanguard Short-Term Corporate Bond ETF during the second quarter worth about $43,000. Finally, Arlington Trust Co LLC purchased a new position in Vanguard Short-Term Corporate Bond ETF in the second quarter valued at about $52,000.

Vanguard Short-Term Corporate Bond ETF Trading Down 0.3%

VCSH stock opened at $79.63 on Friday. The firm has a 50 day moving average of $79.83 and a 200-day moving average of $79.57. 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 company also recently disclosed a monthly dividend, which will be paid on Monday, December 22nd. Investors of record on Thursday, December 18th will be issued a dividend of $0.3005 per share. This is a boost from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.30. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, December 18th.

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.