Synovus Financial Corp Raises Holdings in Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)

Synovus Financial Corp increased its position in shares of Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) by 84.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,452 shares of the company’s stock after buying an additional 46,838 shares during the period. Synovus Financial Corp’s holdings in Vanguard Short-Term Corporate Bond ETF were worth $8,137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in VCSH. SG Americas Securities LLC boosted its stake in shares of Vanguard Short-Term Corporate Bond ETF by 46.6% during the second quarter. SG Americas Securities LLC now owns 10,492 shares of the company’s stock valued at $811,000 after purchasing an additional 3,333 shares in the last quarter. ORG Partners LLC purchased a new stake in Vanguard Short-Term Corporate Bond ETF during the second quarter worth $45,000. Brookstone Capital Management boosted its position in Vanguard Short-Term Corporate Bond ETF by 7.3% during the 2nd quarter. Brookstone Capital Management now owns 9,997 shares of the company’s stock valued at $778,000 after acquiring an additional 676 shares in the last quarter. Marietta Wealth Management LLC increased its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 2.2% in the 2nd quarter. Marietta Wealth Management LLC now owns 37,200 shares of the company’s stock valued at $2,875,000 after acquiring an additional 785 shares during the period. Finally, Raymond James & Associates raised its position in shares of Vanguard Short-Term Corporate Bond ETF by 8.0% in the 2nd quarter. Raymond James & Associates now owns 1,418,145 shares of the company’s stock worth $109,587,000 after acquiring an additional 104,550 shares in the last quarter.

Vanguard Short-Term Corporate Bond ETF Stock Performance

Shares of NASDAQ VCSH opened at $78.36 on Friday. Vanguard Short-Term Corporate Bond ETF has a 1-year low of $76.27 and a 1-year high of $79.54. The business has a fifty day moving average price of $78.46 and a 200 day moving average price of $78.27.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The company also recently declared 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. This represents a $3.29 annualized dividend and a dividend yield of 4.20%. This is a positive change from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.23. The ex-dividend date of this dividend was Friday, November 1st.

About Vanguard Short-Term Corporate Bond ETF

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.