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)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $61.37 and last traded at $61.37, with a volume of 94182 shares. The stock had previously closed at $61.63.

Vanguard ESG U.S. Corporate Bond ETF Stock Down 0.4%

The company has a 50 day moving average price of $62.26 and a 200-day moving average price of $62.88.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in shares of Vanguard ESG U.S. Corporate Bond ETF by 4.9% during the 2nd quarter. Cetera Investment Advisers now owns 6,605 shares of the company’s stock valued at $419,000 after purchasing an additional 307 shares during the last quarter. First Trust Advisors LP acquired a new stake in Vanguard ESG U.S. Corporate Bond ETF in the second quarter valued at approximately $236,000. Cerity Partners LLC boosted its position in Vanguard ESG U.S. Corporate Bond ETF by 1.2% in the second quarter. Cerity Partners LLC now owns 56,590 shares of the company’s stock valued at $3,588,000 after buying an additional 675 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Vanguard ESG U.S. Corporate Bond ETF by 12.4% during the second quarter. NewEdge Advisors LLC now owns 128,360 shares of the company’s stock worth $8,138,000 after buying an additional 14,194 shares during the last quarter. Finally, Betterment LLC grew its stake in shares of Vanguard ESG U.S. Corporate Bond ETF by 18.3% during the second quarter. Betterment LLC now owns 6,219 shares of the company’s stock worth $394,000 after buying an additional 964 shares during the last quarter.

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.