Magnolia Wealth Management LLC Takes $41.50 Million Position in Vanguard Core Bond ETF (NASDAQ:VCRB)

Magnolia Wealth Management LLC bought a new stake in Vanguard Core Bond ETF (NASDAQ:VCRB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 545,840 shares of the company’s stock, valued at approximately $41,500,000. Vanguard Core Bond ETF makes up approximately 31.3% of Magnolia Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Magnolia Wealth Management LLC owned about 11.61% of Vanguard Core Bond ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VCRB. Olistico Wealth LLC bought a new position in shares of Vanguard Core Bond ETF in the second quarter valued at about $43,000. LRI Investments LLC bought a new stake in Vanguard Core Bond ETF during the 1st quarter worth about $47,000. Mendota Financial Group LLC bought a new stake in Vanguard Core Bond ETF during the 1st quarter worth about $81,000. Dentgroup LLC bought a new stake in Vanguard Core Bond ETF during the 1st quarter worth about $207,000. Finally, Pasadena Private Wealth LLC bought a new stake in Vanguard Core Bond ETF during the 1st quarter worth about $214,000.

Vanguard Core Bond ETF Stock Performance

Shares of VCRB stock traded up $0.11 on Friday, reaching $78.33. The company had a trading volume of 48,600 shares, compared to its average volume of 56,228. The company has a 50-day moving average of $77.49 and a 200-day moving average of $76.49. Vanguard Core Bond ETF has a 12 month low of $74.22 and a 12 month high of $79.58.

Vanguard Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 5th. Investors of record on Thursday, August 1st were given a $0.2836 dividend. The ex-dividend date was Thursday, August 1st. This is a positive change from Vanguard Core Bond ETF’s previous monthly dividend of $0.13. This represents a $3.40 annualized dividend and a dividend yield of 4.34%.

Vanguard Core Bond ETF Company Profile

The Vanguard Core Bond ETF (VCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively invests in the broad fixed income space, in seeking to provide total return and a moderate level of income. It primarily holds USD-denominated securities of investment grade rating while maintaining an intermediate dollar-weighted average maturity.