Summit Wealth Group LLC Has $8.22 Million Stake in Vanguard Long-Term Bond ETF $BLV

Summit Wealth Group LLC lifted its position in shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLV) by 786.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 118,158 shares of the company’s stock after purchasing an additional 104,823 shares during the period. Vanguard Long-Term Bond ETF comprises approximately 2.1% of Summit Wealth Group LLC’s portfolio, making the stock its 15th largest holding. Summit Wealth Group LLC’s holdings in Vanguard Long-Term Bond ETF were worth $8,217,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. New Republic Capital LLC acquired a new stake in shares of Vanguard Long-Term Bond ETF during the first quarter valued at about $25,000. Howe & Rusling Inc. boosted its position in Vanguard Long-Term Bond ETF by 48.3% during the 1st quarter. Howe & Rusling Inc. now owns 473 shares of the company’s stock worth $33,000 after buying an additional 154 shares during the period. Cape Investment Advisory Inc. boosted its position in Vanguard Long-Term Bond ETF by 86.4% during the 1st quarter. Cape Investment Advisory Inc. now owns 520 shares of the company’s stock worth $37,000 after buying an additional 241 shares during the period. Clearstead Trust LLC acquired a new stake in Vanguard Long-Term Bond ETF during the 1st quarter worth approximately $38,000. Finally, Phillips Financial Management LLC lifted its holdings in shares of Vanguard Long-Term Bond ETF by 177.6% during the first quarter. Phillips Financial Management LLC now owns 569 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares during the period.

Vanguard Long-Term Bond ETF Price Performance

Shares of Vanguard Long-Term Bond ETF stock opened at $70.30 on Thursday. Vanguard Long-Term Bond ETF has a twelve month low of $65.71 and a twelve month high of $73.13. The company’s fifty day moving average is $70.99 and its 200 day moving average is $69.26.

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).