Vanguard Short-Term Bond ETF (NYSEARCA:BSV) Stock Breaks Below 50-Day Moving Average – Here’s What Happened

Shares of Vanguard Short-Term Bond ETF (NYSEARCA:BSV) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $76.68 and traded as low as $76.59. Vanguard Short-Term Bond ETF shares last traded at $76.67, with a volume of 2,567,003 shares.

Vanguard Short-Term Bond ETF Price Performance

The firm has a 50-day moving average of $76.68 and a two-hundred day moving average of $77.76.

Institutional Investors Weigh In On Vanguard Short-Term Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Short-Term Bond ETF by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,321,588 shares of the company’s stock worth $2,518,121,000 after purchasing an additional 801,126 shares during the period. Allworth Financial LP lifted its stake in shares of Vanguard Short-Term Bond ETF by 22.0% in the 3rd quarter. Allworth Financial LP now owns 18,706,621 shares of the company’s stock valued at $1,457,433,000 after purchasing an additional 3,373,330 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Vanguard Short-Term Bond ETF by 29.0% during the 1st quarter. Bank of America Corp DE now owns 12,644,333 shares of the company’s stock worth $991,442,000 after purchasing an additional 2,845,980 shares during the period. Corient Private Wealth LP grew its holdings in shares of Vanguard Short-Term Bond ETF by 9.4% during the 2nd quarter. Corient Private Wealth LP now owns 3,956,884 shares of the company’s stock worth $308,281,000 after purchasing an additional 341,575 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Vanguard Short-Term Bond ETF by 7.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,631,159 shares of the company’s stock worth $282,904,000 after purchasing an additional 252,678 shares during the period.

About Vanguard Short-Term Bond ETF

Vanguard Short-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with a short-term, dollar-weighted average maturity. The Fund employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S. 1-5 Year Government/Credit Bond Index (the Index). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of between 1 and 5 years and are publicly issued.