Sheets Smith Investment Management Invests $10.54 Million in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)

Sheets Smith Investment Management acquired a new position in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 135,045 shares of the company’s stock, valued at approximately $10,535,000. Vanguard Short-Term Corporate Bond ETF makes up 8.9% of Sheets Smith Investment Management’s holdings, making the stock its largest holding.

Several other large investors have also recently modified their holdings of VCSH. Vanguard Group Inc. increased its holdings in Vanguard Short-Term Corporate Bond ETF by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 5,431,628 shares of the company’s stock valued at $423,721,000 after purchasing an additional 317,430 shares during the period. Barings LLC increased its holdings in Vanguard Short-Term Corporate Bond ETF by 0.8% during the 4th quarter. Barings LLC now owns 5,149,957 shares of the company’s stock valued at $401,748,000 after purchasing an additional 41,430 shares during the period. JPMorgan Chase & Co. increased its holdings in Vanguard Short-Term Corporate Bond ETF by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,631,155 shares of the company’s stock valued at $367,806,000 after purchasing an additional 75,949 shares during the period. Raymond James Financial Inc. purchased a new position in Vanguard Short-Term Corporate Bond ETF during the 4th quarter valued at about $257,541,000. Finally, LPL Financial LLC increased its holdings in Vanguard Short-Term Corporate Bond ETF by 13.5% during the 4th quarter. LPL Financial LLC now owns 3,052,140 shares of the company’s stock valued at $238,097,000 after purchasing an additional 362,613 shares during the period.

Vanguard Short-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ:VCSH opened at $78.83 on Monday. The stock’s 50-day moving average is $78.41 and its 200 day moving average is $78.51. Vanguard Short-Term Corporate Bond ETF has a 1 year low of $76.27 and a 1 year high of $79.54.

Vanguard Short-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2588 per share. The ex-dividend date was Monday, March 3rd.

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.