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

Richmond Brothers Inc. cut its stake in shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLV) by 26.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,488 shares of the company’s stock after selling 28,556 shares during the period. 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. owned approximately 0.09% of Vanguard Long-Term Bond ETF worth $5,457,000 as of its most recent SEC filing.

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

Vanguard Long-Term Bond ETF Stock Up 1.2%

Shares of BLV opened at $68.76 on Friday. The company’s 50 day moving average price is $68.49 and its 200 day moving average price is $69.43. Vanguard Long-Term Bond ETF has a 52 week low of $66.49 and a 52 week high of $72.63.

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.