Vanguard ESG U.S. Corporate Bond ETF (BATS:VCEB) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Vanguard ESG U.S. Corporate Bond ETF (BATS:VCEB) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $60.23 and traded as low as $60.04. Vanguard ESG U.S. Corporate Bond ETF shares last traded at $60.16, with a volume of 232,962 shares changing hands.

Vanguard ESG U.S. Corporate Bond ETF Price Performance

The business’s 50-day simple moving average is $60.23 and its two-hundred day simple moving average is $62.09.

Hedge Funds Weigh In On Vanguard ESG U.S. Corporate Bond ETF

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Vanguard ESG U.S. Corporate Bond ETF by 7,104.5% during the first quarter. Bank of America Corp DE now owns 1,852,641 shares of the company’s stock worth $116,401,000 after purchasing an additional 1,826,926 shares in the last quarter. Envestnet Asset Management Inc. increased its position 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 valued at $17,315,000 after buying an additional 9,435 shares in the last quarter. Hanson & Doremus Investment Management increased its position in shares of Vanguard ESG U.S. Corporate Bond ETF by 2.8% in the third quarter. Hanson & Doremus Investment Management now owns 229,786 shares of the company’s stock valued at $13,691,000 after buying an additional 6,273 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Vanguard ESG U.S. Corporate Bond ETF by 135.7% during the 1st quarter. Wealthfront Advisers LLC now owns 206,536 shares of the company’s stock worth $12,977,000 after buying an additional 118,903 shares during the period. Finally, Modera Wealth Management LLC raised its stake in shares of Vanguard ESG U.S. Corporate Bond ETF by 6.4% during the 1st quarter. Modera Wealth Management LLC now owns 154,784 shares of the company’s stock worth $9,725,000 after buying an additional 9,359 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.