Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Reaches New 1-Year Low – Should You Sell?

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $78.35 and last traded at $78.35, with a volume of 923 shares traded. The stock had previously closed at $78.53.

Vanguard Short-Term Corporate Bond ETF Stock Performance

The firm’s 50 day moving average is $78.67 and its 200 day moving average is $79.05.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, August 3rd were issued a $0.299 dividend. This is an increase from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Trading of Vanguard Short-Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in VCSH. Bank of America Corp DE boosted its holdings in Vanguard Short-Term Corporate Bond ETF by 6.1% in the first quarter. Bank of America Corp DE now owns 75,626,302 shares of the company’s stock worth $5,994,897,000 after acquiring an additional 4,376,524 shares in the last quarter. Corient Private Wealth LLC lifted its position in Vanguard Short-Term Corporate Bond ETF by 100.0% during the second quarter. Corient Private Wealth LLC now owns 4,254,070 shares of the company’s stock valued at $338,199,000 after purchasing an additional 2,127,325 shares during the period. South Dakota Investment Council purchased a new stake in Vanguard Short-Term Corporate Bond ETF in the fourth quarter valued at $130,625,000. Allspring Global Investments Holdings LLC acquired a new stake in Vanguard Short-Term Corporate Bond ETF during the 1st quarter worth about $116,756,000. Finally, Prudential PLC raised its stake in shares of Vanguard Short-Term Corporate Bond ETF by 8.6% during the 4th quarter. Prudential PLC now owns 13,488,580 shares of the company’s stock valued at $1,075,444,000 after buying an additional 1,063,112 shares during 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.