Vanguard ESG U.S. Corporate Bond ETF (BATS:VCEB) Reaches New 12-Month Low – Should You Sell?

Vanguard ESG U.S. Corporate Bond ETF (BATS:VCEB) hit a new 52-week low during trading on Tuesday. The stock traded as low as $59.52 and last traded at $59.64, with a volume of 143615 shares trading hands. The stock had previously closed at $60.01.

Vanguard ESG U.S. Corporate Bond ETF Stock Down 0.1%

The firm’s fifty day moving average price is $61.12 and its 200 day moving average price is $62.12.

Institutional Investors Weigh In On Vanguard ESG U.S. Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Vanguard ESG U.S. Corporate Bond ETF by 7,104.5% during the 1st quarter. Bank of America Corp DE now owns 1,852,641 shares of the company’s stock valued at $116,401,000 after buying an additional 1,826,926 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Vanguard ESG U.S. Corporate Bond ETF by 11.3% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 447,906 shares of the company’s stock worth $28,556,000 after buying an additional 45,477 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard ESG U.S. Corporate Bond ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 275,889 shares of the company’s stock worth $17,315,000 after buying an additional 9,435 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in Vanguard ESG U.S. Corporate Bond ETF by 11.6% during the first quarter. Hanson & Doremus Investment Management now owns 211,926 shares of the company’s stock worth $13,315,000 after acquiring an additional 22,081 shares during the period. Finally, Wealthfront Advisers LLC grew its holdings in Vanguard ESG U.S. Corporate Bond ETF by 135.7% during the first quarter. Wealthfront Advisers LLC now owns 206,536 shares of the company’s stock worth $12,977,000 after acquiring an additional 118,903 shares during the period.

About Vanguard ESG U.S. Corporate Bond ETF

The Vanguard ESG U.S. Corporate Bond ETF (VCEB) is an exchange-traded fund that is based on the Bloomberg MSCI US Corp SRI Select index. The fund tracks an index of US investment-grade corporate bonds of varying maturities, selected based on certain ESG traits provided by MSCI ESG research. VCEB was launched on Sep 22, 2020 and is managed by Vanguard.