Pitcairn Co. Invests $2.44 Million in Vanguard Long-Term Bond ETF $BLV

Pitcairn Co. bought a new stake in Vanguard Long-Term Bond ETF (NYSEARCA:BLV) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 34,477 shares of the company’s stock, valued at approximately $2,443,000.

A number of other hedge funds have also bought and sold shares of BLV. Envestnet Asset Management Inc. raised its stake in Vanguard Long-Term Bond ETF by 6.2% during the third quarter. Envestnet Asset Management Inc. now owns 10,672,022 shares of the company’s stock valued at $756,113,000 after buying an additional 620,446 shares in the last quarter. Lincoln National Corp grew its position in shares of Vanguard Long-Term Bond ETF by 4.3% in the 3rd quarter. Lincoln National Corp now owns 2,505,708 shares of the company’s stock worth $177,529,000 after acquiring an additional 102,906 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Vanguard Long-Term Bond ETF by 0.8% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 2,272,973 shares of the company’s stock valued at $161,040,000 after acquiring an additional 17,494 shares during the last quarter. Beacon Capital Management Inc. increased its holdings in shares of Vanguard Long-Term Bond ETF by 83.6% in the 3rd quarter. Beacon Capital Management Inc. now owns 1,119,393 shares of the company’s stock valued at $79,309,000 after acquiring an additional 509,835 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Vanguard Long-Term Bond ETF by 40.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,045,358 shares of the company’s stock valued at $74,064,000 after acquiring an additional 302,652 shares in the last quarter.

Vanguard Long-Term Bond ETF Stock Performance

Shares of BLV opened at $70.25 on Friday. The business’s fifty day moving average price is $70.18 and its 200 day moving average price is $70.44. Vanguard Long-Term Bond ETF has a 12-month low of $65.71 and a 12-month high of $72.63.

Vanguard Long-Term Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.2511 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, March 2nd.

Vanguard Long-Term Bond ETF Company 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.