Vintage 50s / 60s JCPenney Childs Sweater Vest Size 5-6 Red

This is likely from the 1950s or 1960s based on the tag. It looks like it might have been a short or long sleeve sweater at some point and altered into a vest. The stitching is just a little off on the arms if you look close. There is a small hole in the back, could easily be stitch back up. Some minor pilling and may be some very faint staining, but not very noticeable. Please see images for details.