Principal Financial Group Inc. Raises Holdings in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)

Principal Financial Group Inc. increased its position in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 42.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 586,243 shares of the company’s stock after purchasing an additional 174,869 shares during the period. Principal Financial Group Inc.’s holdings in Vanguard Short-Term Corporate Bond ETF were worth $46,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hiley Hunt Wealth Management boosted its position in shares of Vanguard Short-Term Corporate Bond ETF by 2.9% during the 3rd quarter. Hiley Hunt Wealth Management now owns 160,667 shares of the company’s stock valued at $12,760,000 after acquiring an additional 4,468 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Vanguard Short-Term Corporate Bond ETF during the third quarter valued at $230,000. Logan Capital Management Inc. lifted its position in Vanguard Short-Term Corporate Bond ETF by 6.7% during the third quarter. Logan Capital Management Inc. now owns 3,052 shares of the company’s stock valued at $242,000 after purchasing an additional 192 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Vanguard Short-Term Corporate Bond ETF by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 437,593 shares of the company’s stock worth $34,469,000 after buying an additional 8,379 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 84.2% in the 3rd quarter. Synovus Financial Corp now owns 102,452 shares of the company’s stock worth $8,137,000 after buying an additional 46,838 shares during the last quarter.

Vanguard Short-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCSH opened at $78.11 on Monday. Vanguard Short-Term Corporate Bond ETF has a 12-month low of $76.27 and a 12-month high of $79.54. The firm’s 50-day moving average price is $78.41 and its 200-day moving average price is $78.32.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were given a dividend of $0.2741 per share. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.23. This represents a $3.29 dividend on an annualized basis and a yield of 4.21%.

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.