Richmond Brothers Inc. Acquires New Shares in Vanguard Short-Term Bond ETF (NYSEARCA:BSV)

Richmond Brothers Inc. acquired a new stake in Vanguard Short-Term Bond ETF (NYSEARCA:BSV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 70,175 shares of the company’s stock, valued at approximately $5,422,000. Vanguard Short-Term Bond ETF comprises 3.5% of Richmond Brothers Inc.’s investment portfolio, making the stock its 11th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Key Financial Inc lifted its position in Vanguard Short-Term Bond ETF by 152.9% during the 4th quarter. Key Financial Inc now owns 349 shares of the company’s stock worth $27,000 after acquiring an additional 211 shares during the last quarter. Financial Life Planners acquired a new position in Vanguard Short-Term Bond ETF during the 4th quarter worth $32,000. Truvestments Capital LLC acquired a new position in Vanguard Short-Term Bond ETF during the 3rd quarter worth $36,000. Fortitude Family Office LLC acquired a new position in Vanguard Short-Term Bond ETF during the 4th quarter worth $42,000. Finally, Sachetta LLC lifted its position in Vanguard Short-Term Bond ETF by 201.0% during the 4th quarter. Sachetta LLC now owns 587 shares of the company’s stock worth $45,000 after acquiring an additional 392 shares during the last quarter.

Vanguard Short-Term Bond ETF Price Performance

Vanguard Short-Term Bond ETF stock opened at $77.92 on Wednesday. Vanguard Short-Term Bond ETF has a fifty-two week low of $75.72 and a fifty-two week high of $79.02. The firm has a fifty day moving average price of $77.56 and a two-hundred day moving average price of $77.73.

Vanguard Short-Term Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2474 per share. This is a positive change from Vanguard Short-Term Bond ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, March 3rd.

Vanguard Short-Term Bond ETF Company Profile

Vanguard Short-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with a short-term, dollar-weighted average maturity. The Fund employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S. 1-5 Year Government/Credit Bond Index (the Index).