Vanguard Short-Term Corporate Bond ETF $VCSH Stake Reduced by Essex LLC

Essex LLC lowered its stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 37.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 286,171 shares of the company’s stock after selling 172,405 shares during the period. Vanguard Short-Term Corporate Bond ETF comprises 4.1% of Essex LLC’s holdings, making the stock its 7th largest position. Essex LLC’s holdings in Vanguard Short-Term Corporate Bond ETF were worth $22,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in VCSH. III Capital Management bought a new stake in Vanguard Short-Term Corporate Bond ETF during the 2nd quarter valued at $171,720,000. Corient Private Wealth LLC increased its position 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 acquiring an additional 2,127,325 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Vanguard Short-Term Corporate Bond ETF by 146.6% during the second quarter. JPMorgan Chase & Co. now owns 2,974,971 shares of the company’s stock valued at $236,510,000 after acquiring an additional 1,768,572 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 62.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,410,956 shares of the company’s stock worth $350,671,000 after purchasing an additional 1,688,808 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 490.8% during the third quarter. Farther Finance Advisors LLC now owns 897,252 shares of the company’s stock worth $71,717,000 after purchasing an additional 745,386 shares during the period.

Vanguard Short-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ:VCSH opened at $79.78 on Friday. Vanguard Short-Term Corporate Bond ETF has a 1 year low of $77.58 and a 1 year high of $80.15. The stock’s 50-day moving average is $79.74 and its 200 day moving average is $79.66.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

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