First Merchants Corp Increases Position in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)

First Merchants Corp boosted its stake in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 30.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,784 shares of the company’s stock after acquiring an additional 875 shares during the period. First Merchants Corp’s holdings in Vanguard Short-Term Corporate Bond ETF were worth $292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Biltmore Family Office LLC raised its stake in Vanguard Short-Term Corporate Bond ETF by 2.8% during the 1st quarter. Biltmore Family Office LLC now owns 4,774 shares of the company’s stock valued at $369,000 after acquiring an additional 132 shares during the last quarter. Western Wealth Management LLC raised its stake in Vanguard Short-Term Corporate Bond ETF by 1.4% during the 2nd quarter. Western Wealth Management LLC now owns 10,284 shares of the company’s stock valued at $795,000 after acquiring an additional 138 shares during the last quarter. Macroview Investment Management LLC raised its stake in Vanguard Short-Term Corporate Bond ETF by 16.0% during the 1st quarter. Macroview Investment Management LLC now owns 1,014 shares of the company’s stock valued at $78,000 after acquiring an additional 140 shares during the last quarter. Mckinley Capital Management LLC raised its stake in Vanguard Short-Term Corporate Bond ETF by 1.5% during the 4th quarter. Mckinley Capital Management LLC now owns 9,857 shares of the company’s stock valued at $763,000 after acquiring an additional 141 shares during the last quarter. Finally, Orrstown Financial Services Inc. increased its position in Vanguard Short-Term Corporate Bond ETF by 3.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 5,243 shares of the company’s stock worth $405,000 after purchasing an additional 151 shares during the period.

Vanguard Short-Term Corporate Bond ETF Stock Performance

NASDAQ VCSH traded up $0.24 on Friday, hitting $78.91. 2,334,952 shares of the company’s stock were exchanged, compared to its average volume of 3,720,434. The firm’s 50-day moving average price is $77.86 and its two-hundred day moving average price is $77.28. Vanguard Short-Term Corporate Bond ETF has a fifty-two week low of $74.43 and a fifty-two week high of $78.92.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, August 5th. Shareholders of record on Thursday, August 1st were given a dividend of $0.2669 per share. This is a boost from Vanguard Short-Term Corporate Bond ETF’s previous dividend of $0.26. The ex-dividend date of this dividend was Thursday, August 1st.

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.