Richmond Brothers Inc. Has $5.46 Million Stock Holdings in Vanguard Long-Term Bond ETF $BLV

Richmond Brothers Inc. cut its holdings in Vanguard Long-Term Bond ETF (NYSEARCA:BLV) by 26.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,488 shares of the company’s stock after selling 28,556 shares during the quarter. Vanguard Long-Term Bond ETF comprises approximately 3.5% of Richmond Brothers Inc.’s holdings, making the stock its 13th largest position. Richmond Brothers Inc.’s holdings in Vanguard Long-Term Bond ETF were worth $5,457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BLV. Exchange Traded Concepts LLC lifted its stake in Vanguard Long-Term Bond ETF by 58.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,659,604 shares of the company’s stock valued at $115,376,000 after acquiring an additional 614,246 shares during the last quarter. Country Trust Bank lifted its stake in Vanguard Long-Term Bond ETF by 98.4% in the fourth quarter. Country Trust Bank now owns 700,677 shares of the company’s stock valued at $48,711,000 after acquiring an additional 347,564 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Vanguard Long-Term Bond ETF by 3,148.6% in the third quarter. JPMorgan Chase & Co. now owns 292,372 shares of the company’s stock valued at $20,715,000 after acquiring an additional 283,372 shares during the last quarter. LPL Financial LLC lifted its stake in Vanguard Long-Term Bond ETF by 8.3% in the fourth quarter. LPL Financial LLC now owns 3,235,906 shares of the company’s stock valued at $224,960,000 after acquiring an additional 247,583 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Vanguard Long-Term Bond ETF by 91.2% in the fourth quarter. Truist Financial Corp now owns 417,106 shares of the company’s stock valued at $28,997,000 after acquiring an additional 198,939 shares during the last quarter.

Vanguard Long-Term Bond ETF Stock Performance

Shares of Vanguard Long-Term Bond ETF stock opened at $68.76 on Friday. The firm has a fifty day simple moving average of $68.49 and a 200-day simple moving average of $69.43. Vanguard Long-Term Bond ETF has a 1-year low of $66.49 and a 1-year high of $72.63.

Vanguard Long-Term Bond ETF Profile

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.