Smith Moore & CO. Invests $213,000 in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)

Smith Moore & CO. purchased a new stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,732 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors have also recently bought and sold shares of VCSH. Keystone Financial Group Inc. acquired a new stake in shares of Vanguard Short-Term Corporate Bond ETF in the 4th quarter valued at $32,000. Bank of Jackson Hole Trust bought a new position in Vanguard Short-Term Corporate Bond ETF in the fourth quarter valued at about $42,000. Sound Income Strategies LLC increased its position in Vanguard Short-Term Corporate Bond ETF by 46.7% in the fourth quarter. Sound Income Strategies LLC now owns 562 shares of the company’s stock worth $44,000 after purchasing an additional 179 shares during the period. ST Germain D J Co. Inc. raised its holdings in Vanguard Short-Term Corporate Bond ETF by 278.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 677 shares of the company’s stock worth $53,000 after purchasing an additional 498 shares during the last quarter. Finally, Graney & King LLC acquired a new position in Vanguard Short-Term Corporate Bond ETF during the 4th quarter valued at about $53,000.

Vanguard Short-Term Corporate Bond ETF Trading Down 0.2 %

Shares of NASDAQ:VCSH opened at $78.83 on Monday. The company has a 50 day moving average of $78.55 and a 200-day moving average of $78.48. Vanguard Short-Term Corporate Bond ETF has a one year low of $76.27 and a one year high of $79.54.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.289 per share. This represents a $3.47 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.27.

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.