Bank of Nova Scotia Decreases Stock Holdings in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)

Bank of Nova Scotia lowered its holdings in shares of Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 42.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,193 shares of the company’s stock after selling 303,516 shares during the period. Bank of Nova Scotia owned about 0.09% of Vanguard Short-Term Corporate Bond ETF worth $32,360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VCSH. Rathbones Group PLC grew its holdings in Vanguard Short-Term Corporate Bond ETF by 27.9% during the 4th quarter. Rathbones Group PLC now owns 32,836 shares of the company’s stock valued at $2,562,000 after purchasing an additional 7,169 shares in the last quarter. Invesco Ltd. lifted its position in Vanguard Short-Term Corporate Bond ETF by 2.7% in the 4th quarter. Invesco Ltd. now owns 62,850 shares of the company’s stock valued at $4,903,000 after purchasing an additional 1,639 shares during the last quarter. Bank of Montreal Can lifted its position in Vanguard Short-Term Corporate Bond ETF by 15.5% in the 4th quarter. Bank of Montreal Can now owns 1,399,562 shares of the company’s stock valued at $109,180,000 after purchasing an additional 188,306 shares during the last quarter. Cerity Partners LLC raised its position in shares of Vanguard Short-Term Corporate Bond ETF by 8.2% during the 4th quarter. Cerity Partners LLC now owns 1,380,432 shares of the company’s stock worth $107,692,000 after buying an additional 104,170 shares in the last quarter. Finally, Forum Private Client Group LLC raised its position in shares of Vanguard Short-Term Corporate Bond ETF by 24.4% during the 4th quarter. Forum Private Client Group LLC now owns 37,372 shares of the company’s stock worth $2,915,000 after buying an additional 7,332 shares in the last quarter.

Vanguard Short-Term Corporate Bond ETF Stock Up 0.5 %

Shares of VCSH opened at $78.54 on Thursday. The firm’s 50 day moving average is $78.54 and its 200-day moving average is $78.45. Vanguard Short-Term Corporate Bond ETF has a 12-month low of $76.27 and a 12-month 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 paid a $0.289 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.27. This represents a $3.47 dividend on an annualized basis and a yield of 4.42%.

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.