Vanguard Short-Term Bond ETF $BSV Stake Lowered by Richmond Brothers Inc.

Richmond Brothers Inc. reduced its position in Vanguard Short-Term Bond ETF (NYSEARCA:BSV) by 50.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,547 shares of the company’s stock after selling 100,043 shares during the quarter. Vanguard Short-Term Bond ETF accounts for approximately 4.8% of Richmond Brothers Inc.’s investment portfolio, making the stock its 5th largest holding. Richmond Brothers Inc.’s holdings in Vanguard Short-Term Bond ETF were worth $7,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BSV. Atlantic Union Bankshares Corp purchased a new stake in shares of Vanguard Short-Term Bond ETF in the 2nd quarter worth approximately $28,000. Lowe Brockenbrough & Co. Inc. raised its stake in Vanguard Short-Term Bond ETF by 253.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 389 shares of the company’s stock worth $31,000 after buying an additional 279 shares in the last quarter. Sound Income Strategies LLC raised its stake in Vanguard Short-Term Bond ETF by 104.9% in the third quarter. Sound Income Strategies LLC now owns 506 shares of the company’s stock worth $40,000 after buying an additional 259 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in Vanguard Short-Term Bond ETF during the second quarter worth $43,000. Finally, Cedar Wealth Management LLC bought a new stake in Vanguard Short-Term Bond ETF during the 2nd quarter valued at $45,000.

Vanguard Short-Term Bond ETF Trading Up 0.0%

Shares of NYSEARCA:BSV opened at $79.05 on Friday. Vanguard Short-Term Bond ETF has a 12-month low of $77.45 and a 12-month high of $79.21. The business’s fifty day simple moving average is $78.83 and its 200-day simple moving average is $78.86.

Vanguard Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.2658 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%.

About Vanguard Short-Term Bond ETF

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). 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 between 1 and 5 years and are publicly issued.