Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Reaches New 1-Year Low – What’s Next?

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

Vanguard Short-Term Corporate Bond ETF Trading Up 0.1%

The company’s 50-day moving average is $79.04 and its two-hundred day moving average is $79.44.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Brighton Jones LLC purchased a new stake in shares of Vanguard Short-Term Corporate Bond ETF during the 4th quarter valued at about $252,000. Millennium Management LLC grew its stake in shares of Vanguard Short-Term Corporate Bond ETF by 6.4% in the first quarter. Millennium Management LLC now owns 68,589 shares of the company’s stock worth $5,414,000 after acquiring an additional 4,096 shares during the period. First Trust Advisors LP raised its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 3.5% during the second quarter. First Trust Advisors LP now owns 19,321 shares of the company’s stock valued at $1,536,000 after purchasing an additional 646 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Vanguard Short-Term Corporate Bond ETF by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,810 shares of the company’s stock valued at $541,000 after purchasing an additional 226 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted 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 purchasing an additional 1,337 shares during the period.

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.