Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Reaches New 1-Year Low – Here’s Why

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) hit a new 52-week low on Monday . The company traded as low as $78.33 and last traded at $78.33, with a volume of 1685 shares. The stock had previously closed at $78.62.

Vanguard Short-Term Corporate Bond ETF Stock Down 0.3%

The firm’s fifty day moving average is $78.78 and its 200-day moving average is $79.23.

Vanguard Short-Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a $0.2876 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dagco Inc. raised its stake in Vanguard Short-Term Corporate Bond ETF by 12.0% during the 2nd quarter. Dagco Inc. now owns 308,979 shares of the company’s stock worth $24,419,000 after buying an additional 33,006 shares during the period. William Mack & Associates Inc. grew its stake in Vanguard Short-Term Corporate Bond ETF by 53.6% in the second quarter. William Mack & Associates Inc. now owns 610,226 shares of the company’s stock valued at $48,226,000 after acquiring an additional 212,871 shares during the period. Farrell Financial LLC grew its stake in Vanguard Short-Term Corporate Bond ETF by 0.6% in the second quarter. Farrell Financial LLC now owns 48,709 shares of the company’s stock valued at $3,849,000 after acquiring an additional 275 shares during the period. Orrstown Financial Services Inc. increased its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 3.5% during the second quarter. Orrstown Financial Services Inc. now owns 9,827 shares of the company’s stock valued at $777,000 after acquiring an additional 328 shares in the last quarter. Finally, Scott Capital Advisors LLC increased its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 912.8% during the second quarter. Scott Capital Advisors LLC now owns 418,555 shares of the company’s stock valued at $33,078,000 after acquiring an additional 377,227 shares in the last quarter.

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.