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

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $77.63 and last traded at $77.6350, with a volume of 7751465 shares. The stock had previously closed at $77.65.

Vanguard Short-Term Corporate Bond ETF Stock Performance

The company has a 50 day moving average price of $78.46 and a 200-day moving average price of $78.89.

Institutional Investors Weigh In On Vanguard Short-Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Vanguard Short-Term Corporate Bond ETF by 6.1% in the 1st quarter. Bank of America Corp DE now owns 75,626,302 shares of the company’s stock worth $5,994,897,000 after buying an additional 4,376,524 shares during the last quarter. Prudential PLC grew its stake in shares of Vanguard Short-Term Corporate Bond ETF by 8.6% in the fourth quarter. Prudential PLC now owns 13,488,580 shares of the company’s stock worth $1,075,444,000 after acquiring an additional 1,063,112 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Vanguard Short-Term Corporate Bond ETF by 3.6% in the first quarter. Royal Bank of Canada now owns 5,266,555 shares of the company’s stock worth $417,480,000 after acquiring an additional 180,613 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 6.5% during the first quarter. Sequoia Financial Advisors LLC now owns 3,675,562 shares of the company’s stock valued at $291,362,000 after acquiring an additional 225,748 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Vanguard Short-Term Corporate Bond ETF by 2.0% in the 4th quarter. LPL Financial LLC now owns 3,412,035 shares of the company’s stock worth $272,042,000 after purchasing an additional 66,477 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.