Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Sees Large Volume Increase – Still a Buy?

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) shares saw an uptick in trading volume on Friday. 7,503,375 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 5,095,750 shares. The stock last traded at $77.2750 and had previously closed at $77.34.

Vanguard Short-Term Corporate Bond ETF Price Performance

The stock has a fifty day simple moving average of $78.05 and a two-hundred day simple moving average of $78.63.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in 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 acquiring an additional 4,376,524 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 11.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,215,438 shares of the company’s stock worth $649,266,000 after purchasing an additional 819,888 shares during the period. Royal Bank of Canada increased its position in Vanguard Short-Term Corporate Bond ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 5,266,555 shares of the company’s stock worth $417,480,000 after purchasing an additional 180,613 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in 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 buying an additional 225,748 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Vanguard Short-Term Corporate Bond ETF by 13.2% in the first quarter. Bank of New York Mellon Corp now owns 3,325,119 shares of the company’s stock worth $263,582,000 after acquiring an additional 388,937 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.