Summitas Investment Management LLC Takes Position in Vanguard Ultra-Short Bond ETF $VUSB

Summitas Investment Management LLC acquired a new position in Vanguard Ultra-Short Bond ETF (BATS:VUSB) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,215 shares of the company’s stock, valued at approximately $1,903,000. Vanguard Ultra-Short Bond ETF accounts for approximately 1.5% of Summitas Investment Management LLC’s portfolio, making the stock its 9th largest holding.

Several other institutional investors have also recently made changes to their positions in VUSB. Bank of America Corp DE raised its stake in Vanguard Ultra-Short Bond ETF by 74.5% during the 2nd quarter. Bank of America Corp DE now owns 2,518,007 shares of the company’s stock valued at $125,560,000 after purchasing an additional 1,075,161 shares during the period. JPMorgan Chase & Co. boosted its stake in Vanguard Ultra-Short Bond ETF by 4.2% in the 4th quarter. JPMorgan Chase & Co. now owns 25,077,867 shares of the company’s stock worth $1,249,881,000 after purchasing an additional 1,012,145 shares during the period. Kensington Asset Management LLC boosted its stake in Vanguard Ultra-Short Bond ETF by 484.8% in the 4th quarter. Kensington Asset Management LLC now owns 1,105,568 shares of the company’s stock worth $55,102,000 after purchasing an additional 916,533 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Vanguard Ultra-Short Bond ETF by 165,934.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 893,268 shares of the company’s stock valued at $44,348,000 after buying an additional 892,730 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Vanguard Ultra-Short Bond ETF by 72.1% during the 4th quarter. LPL Financial LLC now owns 2,011,548 shares of the company’s stock valued at $100,256,000 after buying an additional 842,842 shares in the last quarter.

Vanguard Ultra-Short Bond ETF Stock Performance

Vanguard Ultra-Short Bond ETF stock opened at $49.70 on Wednesday. Vanguard Ultra-Short Bond ETF has a 1 year low of $49.60 and a 1 year high of $50.03. The firm’s 50 day moving average price is $49.70 and its 200-day moving average price is $49.78.

Vanguard Ultra-Short Bond ETF Profile

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.