Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Hits New 52-Week Low – What’s Next?

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

Vanguard Short-Term Corporate Bond ETF Stock Down 0.0%

The firm’s fifty day simple moving average is $78.46 and its 200-day simple moving average is $78.89.

Hedge Funds Weigh In On Vanguard Short-Term Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in VCSH. Bank of America Corp DE boosted its position in Vanguard Short-Term Corporate Bond ETF by 6.1% in the first quarter. Bank of America Corp DE now owns 75,626,302 shares of the company’s stock worth $5,994,897,000 after purchasing an additional 4,376,524 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Vanguard Short-Term Corporate Bond ETF during the 1st quarter valued at about $116,756,000. Corient Private Wealth LLC lifted its stake in shares of Vanguard Short-Term Corporate Bond ETF by 156.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,157,749 shares of the company’s stock worth $172,038,000 after purchasing an additional 1,316,292 shares during the period. Prudential PLC lifted its stake in shares of Vanguard Short-Term Corporate Bond ETF by 8.6% in the 4th quarter. Prudential PLC now owns 13,488,580 shares of the company’s stock worth $1,075,444,000 after purchasing an additional 1,063,112 shares during the period. Finally, Axxcess Wealth Management LLC lifted its stake in shares of Vanguard Short-Term Corporate Bond ETF by 779.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 692,502 shares of the company’s stock worth $55,213,000 after purchasing an additional 613,794 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.