Vanguard Long-Term Bond ETF $BLV Stock Position Boosted by Richmond Brothers Inc.

Richmond Brothers Inc. increased its position in shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLV) by 137.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,044 shares of the company’s stock after purchasing an additional 61,944 shares during the quarter. Vanguard Long-Term Bond ETF makes up approximately 4.8% of Richmond Brothers Inc.’s investment portfolio, making the stock its 6th largest position. Richmond Brothers Inc. owned about 0.13% of Vanguard Long-Term Bond ETF worth $7,584,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Vanguard Long-Term Bond ETF by 6.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,672,022 shares of the company’s stock worth $756,113,000 after purchasing an additional 620,446 shares during the last quarter. Lincoln National Corp lifted its stake in shares of Vanguard Long-Term Bond ETF by 4.3% in the third quarter. Lincoln National Corp now owns 2,505,708 shares of the company’s stock worth $177,529,000 after buying an additional 102,906 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Vanguard Long-Term Bond ETF by 0.8% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 2,272,973 shares of the company’s stock worth $161,040,000 after buying an additional 17,494 shares in the last quarter. Beacon Capital Management Inc. boosted its position in Vanguard Long-Term Bond ETF by 83.6% during the third quarter. Beacon Capital Management Inc. now owns 1,119,393 shares of the company’s stock worth $79,309,000 after acquiring an additional 509,835 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Vanguard Long-Term Bond ETF by 40.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,045,358 shares of the company’s stock valued at $74,064,000 after acquiring an additional 302,652 shares in the last quarter.

Vanguard Long-Term Bond ETF Trading Up 0.1%

BLV stock opened at $71.09 on Friday. The firm has a 50-day moving average of $69.93 and a two-hundred day moving average of $70.33. Vanguard Long-Term Bond ETF has a 12 month low of $65.71 and a 12 month high of $72.63.

Vanguard Long-Term Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.2775 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.7%.

About Vanguard Long-Term Bond ETF

Vanguard Bond Index Funds (the Fund), formerly Vanguard Long-Term Bond ETF, seeks to track the performance of a market-weighted bond index with a long-term, dollar-weighted average maturity. It employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S.Long Government/Credit Bond Index (the Index). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued.