Elgethun Capital Management Invests in Vanguard Short-Term Corporate Bond ETF

Elgethun Capital Management recently made a significant investment in the Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH), purchasing 1,383 shares that are collectively valued at around $105,000. This purchase marked the establishment of a new position in the ETF for Elgethun during the second quarter of the fiscal year. The transaction was highlighted in a report by HoldingsChannel, which tracks institutional investment movements.

Changes Amongst Institutional Investors

Elgethun Capital Management wasn't alone in adjusting their stake in the VCSH. Addison Advisors LLC initiated a new position in the first quarter with an approximate worth of $27,000. Similarly, Roffman Miller Associates Inc. entered into a position during the same period, securing investments valued at $36,000. Meanwhile, Stonebridge Capital Advisors LLC significantly increased its holdings by 364.1%, resulting in ownership of 478 shares valued at $37,000 after acquiring an additional 375 shares. Another notable move came from Bristlecone Advisors LLC, which started a stake in the ETF during the first quarter worth about $38,000. In a range of initial investments, 25 LLC then joined during the first quarter with a stake estimated to be around $43,000.

ETF Performance and Dividends

The ETF itself has shown stable performance in the marketplace. On one trading day in question, shares of VCSH experienced a minor uptick, trading up $0.10 to reach a price of $75.90. The trading volume on this day saw 1,233,468 shares change hands, relatively lower compared to its average volume. The ETF has a record of stability with a fifty-day moving average price at $75.09 and a 200-day moving average at $75.45. Furthermore, VCSH announced an increased dividend payout recently. Shareholders recorded on October 3rd were paid a dividend of $0.2147 per share, up from the previous $0.21, with the ex-dividend date falling on October 2nd.

About Vanguard Short-Term Corporate Bond ETF

The Vanguard Short-Term Corporate Bond ETF specializes in investment-grade fixed-income securities with short-term maturities ranging from 1 to 5 years. VCSH, which began operating on November 19, 2009, tracks a market-weighted index of these securities and is managed by Vanguard. Investors looking to add stable, fixed-income assets to their portfolios may consider VCSH as a viable option.

If you're interested in remaining up-to-date on hedge fund positions and trades in the Vanguard Short-Term Corporate Bond ETF, resources such as HoldingsChannel.com offer the latest 13F filings and insider trades for a wide array of ETFs and other investment opportunities.

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Elgethun, Vanguard, Investment