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 on Tuesday . The stock traded as low as $61.76 and last traded at $61.78, with a volume of 6761 shares. The stock had previously closed at $61.89.

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

The stock’s fifty day simple moving average is $62.49 and its 200-day simple moving average is $63.06.

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

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Vanguard ESG U.S. Corporate Bond ETF by 7,104.5% in 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 during the period. New England Private Wealth Advisors LLC lifted its position in Vanguard ESG U.S. Corporate Bond ETF by 2,098.3% during the fourth quarter. New England Private Wealth Advisors LLC now owns 343,883 shares of the company’s stock worth $21,928,000 after purchasing an additional 328,240 shares during the period. Vanguard Group Inc. lifted its position in Vanguard ESG U.S. Corporate Bond ETF by 11.5% during the fourth quarter. Vanguard Group Inc. now owns 1,848,378 shares of the company’s stock worth $117,612,000 after purchasing an additional 190,788 shares during the period. Wealthfront Advisers LLC grew its stake 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 buying an additional 118,903 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Vanguard ESG U.S. Corporate Bond ETF during the second quarter worth about $4,820,000.

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.