Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Reaches New 12-Month Low – Time to Sell?

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $78.57 and last traded at $78.58, with a volume of 283031 shares. The stock had previously closed at $78.67.

Vanguard Short-Term Corporate Bond ETF Price Performance

The stock has a 50-day simple moving average of $78.93 and a two-hundred day simple moving average of $79.37.

Vanguard Short-Term Corporate Bond ETF Cuts Dividend

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCSH. Brighton Jones LLC bought a new position in Vanguard Short-Term Corporate Bond ETF in the fourth quarter valued at about $252,000. Millennium Management LLC lifted its stake in shares of Vanguard Short-Term Corporate Bond ETF by 6.4% in the 1st quarter. Millennium Management LLC now owns 68,589 shares of the company’s stock worth $5,414,000 after purchasing an additional 4,096 shares during the period. First Trust Advisors LP boosted its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 3.5% in the second quarter. First Trust Advisors LP now owns 19,321 shares of the company’s stock worth $1,536,000 after buying an additional 646 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,810 shares of the company’s stock worth $541,000 after buying an additional 226 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in Vanguard Short-Term Corporate Bond ETF by 3.6% during the second quarter. Peapack Gladstone Financial Corp now owns 37,969 shares of the company’s stock valued at $3,019,000 after buying an additional 1,337 shares during the period.

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.