Convergence Financial LLC Makes New $1.08 Million Investment in Vanguard Ultra-Short Bond ETF (BATS:VUSB)

Convergence Financial LLC purchased a new position in Vanguard Ultra-Short Bond ETF (BATS:VUSB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,759 shares of the company’s stock, valued at approximately $1,080,000.

Other hedge funds have also modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Vanguard Ultra-Short Bond ETF in the third quarter worth $1,216,000. Orion Portfolio Solutions LLC grew its holdings in shares of Vanguard Ultra-Short Bond ETF by 87.4% in the third quarter. Orion Portfolio Solutions LLC now owns 12,010 shares of the company’s stock worth $600,000 after purchasing an additional 5,602 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Vanguard Ultra-Short Bond ETF in the third quarter worth about $274,000. Fortis Advisors LLC grew its holdings in shares of Vanguard Ultra-Short Bond ETF by 0.5% in the fourth quarter. Fortis Advisors LLC now owns 355,798 shares of the company’s stock worth $17,655,000 after purchasing an additional 1,803 shares during the last quarter. Finally, Palisades Hudson Asset Management L.P. lifted its position in shares of Vanguard Ultra-Short Bond ETF by 10.5% in the 3rd quarter. Palisades Hudson Asset Management L.P. now owns 68,406 shares of the company’s stock worth $3,416,000 after purchasing an additional 6,498 shares during the period.

Vanguard Ultra-Short Bond ETF Price Performance

Shares of VUSB opened at $49.84 on Thursday. The stock has a fifty day simple moving average of $49.69 and a 200 day simple moving average of $49.73.

Vanguard Ultra-Short Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.2123 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from Vanguard Ultra-Short Bond ETF’s previous dividend of $0.21.

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.