Summit Asset Management LLC Cuts Holdings in Vanguard Ultra-Short Bond ETF (BATS:VUSB)

Summit Asset Management LLC lessened its position in shares of Vanguard Ultra-Short Bond ETF (BATS:VUSB) by 16.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,030 shares of the company’s stock after selling 2,900 shares during the quarter. Summit Asset Management LLC’s holdings in Vanguard Ultra-Short Bond ETF were worth $743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in shares of Vanguard Ultra-Short Bond ETF during the 3rd quarter worth about $44,000. CENTRAL TRUST Co boosted its position in Vanguard Ultra-Short Bond ETF by 224.0% during the 3rd quarter. CENTRAL TRUST Co now owns 1,620 shares of the company’s stock worth $80,000 after purchasing an additional 1,120 shares during the period. Anchor Investment Management LLC acquired a new stake in Vanguard Ultra-Short Bond ETF in the 4th quarter valued at $106,000. RHS Financial LLC acquired a new position in shares of Vanguard Ultra-Short Bond ETF during the fourth quarter worth about $222,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Vanguard Ultra-Short Bond ETF during the 4th quarter valued at about $225,000.

Vanguard Ultra-Short Bond ETF Stock Up 0.1 %

BATS:VUSB traded up $0.05 during trading hours on Thursday, hitting $49.27. The stock had a trading volume of 458,733 shares. The firm has a fifty day simple moving average of $49.43 and a 200 day simple moving average of $49.38.

Vanguard Ultra-Short Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a $0.2278 dividend. This is a boost from Vanguard Ultra-Short Bond ETF’s previous dividend of $0.22. The ex-dividend date was Monday, April 1st.

About Vanguard Ultra-Short Bond ETF

The Vanguard Ultra-Short Bond ETF (VUSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively invests in investment grade securities while aiming to maintain a dollar-weighted average maturity of 0 to 2 years. VUSB was launched on Apr 5, 2021 and is managed by Vanguard.