Mechanics Bank Trust Department Makes New Investment in Vanguard Short-Term Corporate Bond ETF $VCSH

Mechanics Bank Trust Department acquired a new stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,125 shares of the company’s stock, valued at approximately $1,274,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DMKC Advisory Services LLC acquired a new stake in Vanguard Short-Term Corporate Bond ETF in the 2nd quarter valued at $45,048,000. Dynamic Advisor Solutions LLC increased its stake in Vanguard Short-Term Corporate Bond ETF by 9.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 248,420 shares of the company’s stock valued at $19,633,000 after purchasing an additional 21,976 shares in the last quarter. GK Wealth Management LLC acquired a new position in Vanguard Short-Term Corporate Bond ETF during the second quarter worth $392,000. GAMMA Investing LLC raised its holdings in Vanguard Short-Term Corporate Bond ETF by 52.7% during the second quarter. GAMMA Investing LLC now owns 19,933 shares of the company’s stock worth $1,575,000 after buying an additional 6,880 shares during the last quarter. Finally, Crescent Sterling Ltd. raised its holdings in Vanguard Short-Term Corporate Bond ETF by 37.3% during the second quarter. Crescent Sterling Ltd. now owns 19,357 shares of the company’s stock worth $1,530,000 after buying an additional 5,254 shares during the last quarter.

Vanguard Short-Term Corporate Bond ETF Price Performance

Vanguard Short-Term Corporate Bond ETF stock opened at $78.59 on Thursday. The firm’s fifty day moving average price is $78.75 and its two-hundred day moving average price is $79.20. Vanguard Short-Term Corporate Bond ETF has a 1-year low of $78.36 and a 1-year high of $80.26.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were issued a $0.299 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.29.

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.