Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Sets New 12-Month Low – Should You Sell?

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) reached a new 52-week low on Tuesday . The stock traded as low as $78.58 and last traded at $78.58, with a volume of 602 shares trading hands. The stock had previously closed at $78.77.

Vanguard Short-Term Corporate Bond ETF Stock Performance

The business has a 50-day moving average of $79.02 and a two-hundred day moving average of $79.43.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were given a $0.2965 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.29.

Institutional Trading of Vanguard Short-Term Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Vanguard Short-Term Corporate Bond ETF by 8.1% in the third quarter. Bank of America Corp DE now owns 69,198,328 shares of the company’s stock valued at $5,531,022,000 after purchasing an additional 5,170,864 shares in the last quarter. Corient Private Wealth LLC lifted its position in Vanguard Short-Term Corporate Bond ETF by 100.0% in the second quarter. Corient Private Wealth LLC now owns 4,254,070 shares of the company’s stock worth $338,199,000 after purchasing an additional 2,127,325 shares during the period. South Dakota Investment Council acquired a new stake in Vanguard Short-Term Corporate Bond ETF during the fourth quarter worth $130,625,000. Allspring Global Investments Holdings LLC acquired a new stake in Vanguard Short-Term Corporate Bond ETF during the first quarter worth $116,756,000. Finally, Prudential PLC boosted its stake in Vanguard Short-Term Corporate Bond ETF by 8.6% during the fourth quarter. Prudential PLC now owns 13,488,580 shares of the company’s stock worth $1,075,444,000 after buying an additional 1,063,112 shares in the last quarter.

Vanguard Short-Term Corporate Bond ETF Company Profile

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.