Powerhouse Assets LLC Invests $920,000 in Vanguard Ultra-Short Bond ETF $VUSB

Powerhouse Assets LLC bought a new stake in shares of Vanguard Ultra-Short Bond ETF (BATS:VUSB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,460 shares of the company’s stock, valued at approximately $920,000. Vanguard Ultra-Short Bond ETF makes up about 0.8% of Powerhouse Assets LLC’s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alpha Omega Wealth Management LLC grew its holdings in shares of Vanguard Ultra-Short Bond ETF by 56.5% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 447,448 shares of the company’s stock worth $22,370,000 after acquiring an additional 161,584 shares during the period. Coyle Financial Counsel LLC lifted its stake in shares of Vanguard Ultra-Short Bond ETF by 20.8% in the 3rd quarter. Coyle Financial Counsel LLC now owns 345,905 shares of the company’s stock valued at $17,294,000 after purchasing an additional 59,580 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Ultra-Short Bond ETF by 6.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 181,591 shares of the company’s stock valued at $9,079,000 after purchasing an additional 11,167 shares during the period. Apella Capital LLC boosted its position in shares of Vanguard Ultra-Short Bond ETF by 9.3% during the third quarter. Apella Capital LLC now owns 180,871 shares of the company’s stock valued at $9,034,000 after purchasing an additional 15,411 shares in the last quarter. Finally, Fonville Wealth Management LLC grew its stake in Vanguard Ultra-Short Bond ETF by 4.7% in the third quarter. Fonville Wealth Management LLC now owns 447,651 shares of the company’s stock worth $22,380,000 after purchasing an additional 20,059 shares during the period.

Vanguard Ultra-Short Bond ETF Trading Down 0.3%

VUSB opened at $49.61 on Thursday. The stock has a fifty day simple moving average of $49.86 and a two-hundred day simple moving average of $49.88. Vanguard Ultra-Short Bond ETF has a 12-month low of $49.42 and a 12-month high of $50.03.

Vanguard Ultra-Short Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.1653 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Vanguard Ultra-Short Bond ETF Profile

The Vanguard Ultra-Short Bond ETF (VUSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively invests in investment grade securities while aiming to maintain a dollar-weighted average maturity of 0 to 2 years. VUSB was launched on Apr 5, 2021 and is managed by Vanguard.