Novak & Powell Financial Services Inc. Sells 2,539 Shares of Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)

Novak & Powell Financial Services Inc. trimmed its position in shares of Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,850 shares of the company’s stock after selling 2,539 shares during the quarter. Vanguard Short-Term Corporate Bond ETF accounts for approximately 1.8% of Novak & Powell Financial Services Inc.’s investment portfolio, making the stock its 14th largest position. Novak & Powell Financial Services Inc.’s holdings in Vanguard Short-Term Corporate Bond ETF were worth $3,031,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Transce3nd LLC purchased a new stake in Vanguard Short-Term Corporate Bond ETF in the fourth quarter worth $32,000. Keystone Financial Group Inc. bought a new position in shares of Vanguard Short-Term Corporate Bond ETF in the fourth quarter worth about $32,000. Concourse Financial Group Securities Inc. grew its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 156.3% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 451 shares of the company’s stock worth $35,000 after purchasing an additional 275 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Vanguard Short-Term Corporate Bond ETF in the 4th quarter worth about $42,000. Finally, Greenline Partners LLC bought a new stake in Vanguard Short-Term Corporate Bond ETF during the 4th quarter valued at about $42,000.

Vanguard Short-Term Corporate Bond ETF Price Performance

Vanguard Short-Term Corporate Bond ETF stock opened at $78.83 on Wednesday. The firm has a 50-day moving average of $78.64 and a two-hundred day moving average of $78.41. Vanguard Short-Term Corporate Bond ETF has a 1 year low of $76.81 and a 1 year high of $79.54.

Vanguard Short-Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.2824 per share. The ex-dividend date was Thursday, May 1st. This represents a $3.39 annualized dividend and a yield of 4.30%.

Vanguard Short-Term Corporate Bond ETF 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.