Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Stock Price Breaks Above 50 Day Moving Average – Here’s Why

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $77.73 and traded as high as $77.85. Vanguard Short-Term Corporate Bond ETF shares last traded at $77.76, with a volume of 7,999,932 shares traded.

Vanguard Short-Term Corporate Bond ETF Price Performance

The stock has a 50 day simple moving average of $77.73 and a 200 day simple moving average of $78.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VCSH. Bank of America Corp DE raised its position in shares of 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 in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Short-Term Corporate Bond ETF by 11.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,215,438 shares of the company’s stock valued at $649,266,000 after purchasing an additional 819,888 shares during the period. Royal Bank of Canada lifted its stake in shares of Vanguard Short-Term Corporate Bond ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 5,266,555 shares of the company’s stock valued at $417,480,000 after purchasing an additional 180,613 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of 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 purchasing an additional 225,748 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Vanguard Short-Term Corporate Bond ETF by 13.2% during the first quarter. Bank of New York Mellon Corp now owns 3,325,119 shares of the company’s stock valued at $263,582,000 after purchasing 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.