Wesbanco Bank Inc. Increases Holdings in Vanguard Ultra-Short Bond ETF

Wesbanco Bank Inc. has significantly increased its investment in the Vanguard Ultra-Short Bond ETF (BATS:VUSB). According to reports, the bank saw a growth of 61.3% in its holdings during the third quarter of the year. After purchasing an additional 2,480 shares, Wesbanco now owns a total of 6,527 shares of this ETF. The overall value of these holdings amounts to approximately $326,000 as of the latest reporting period.

In addition to Wesbanco, several other institutional investors have recently adjusted their positions in VUSB. For example, Blue Trust Inc. has enhanced its stake by 4.2% during the first quarter, now holding 1,498,364 shares valued at $74,244,000 after adding 59,922 shares in the last quarter. Similarly, LPL Financial LLC increased its holdings by 39.7% in the second quarter, now owning 972,856 shares worth around $48,176,000, following an acquisition of 276,376 shares.

Pacific Center for Financial Services also grew its investment in the ETF by 2.5% in the first quarter, bringing its total to 766,207 shares valued at $37,966,000. Another notable increase was seen by Waverly Advisors LLC, which raised its position by an astonishing 1,307.8% in the first quarter, now owning 491,199 shares worth $24,339,000 after acquiring 456,308 additional shares. Lastly, David Kennon Inc. has raised its holdings by 1.9% in the second quarter, owning 437,074 shares valued at $21,644,000 after purchasing an extra 8,306 shares.

Vanguard Ultra-Short Bond ETF Price Trends

On Thursday, shares of VUSB opened at $49.78. The 50-day moving average for this stock is positioned at $49.78, while the 200-day moving average is slightly lower at $49.56.

Dividend Increase Announcement

The Vanguard Ultra-Short Bond ETF has recently made an announcement regarding a dividend increase. The dividend, which was paid out on Thursday, October 3rd, was $0.21 per share. This amount reflects a rise from its previous dividend of $0.21. The record date for investors was set for Tuesday, October 1st, with the ex-dividend date also on the same day.

About Vanguard Ultra-Short Bond ETF

The Vanguard Ultra-Short Bond ETF (VUSB) is an exchange-traded fund focusing on investment-grade fixed income securities. It aims to maintain a dollar-weighted average maturity between 0 to 2 years, actively investing in such securities. The fund was launched on April 5, 2021, and is managed by Vanguard, known for its strong reputation in the investment management industry.

Conclusion

The recent activity from Wesbanco Bank and other institutional investors indicates a growing interest in the Vanguard Ultra-Short Bond ETF, which could suggest confidence in fixed income investments amid fluctuating market conditions.

Wesbanco, Investment, ETF