Richmond Brothers Inc. Invests $5.42 Million in Vanguard Short-Term Bond ETF (NYSEARCA:BSV)

Richmond Brothers Inc. acquired a new position in shares of Vanguard Short-Term Bond ETF (NYSEARCA:BSV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 70,175 shares of the company’s stock, valued at approximately $5,422,000. Vanguard Short-Term Bond ETF accounts for about 3.5% of Richmond Brothers Inc.’s investment portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in BSV. Lodestone Wealth Management LLC boosted its position in shares of Vanguard Short-Term Bond ETF by 0.3% during the fourth quarter. Lodestone Wealth Management LLC now owns 41,516 shares of the company’s stock worth $3,208,000 after purchasing an additional 129 shares in the last quarter. L.M. Kohn & Company boosted its position in shares of Vanguard Short-Term Bond ETF by 4.1% during the third quarter. L.M. Kohn & Company now owns 3,298 shares of the company’s stock worth $260,000 after purchasing an additional 130 shares in the last quarter. Smith Thornton Advisors LLC boosted its position in shares of Vanguard Short-Term Bond ETF by 5.0% during the fourth quarter. Smith Thornton Advisors LLC now owns 2,728 shares of the company’s stock worth $211,000 after purchasing an additional 130 shares in the last quarter. Aprio Wealth Management LLC boosted its position in shares of Vanguard Short-Term Bond ETF by 4.7% during the fourth quarter. Aprio Wealth Management LLC now owns 3,105 shares of the company’s stock worth $240,000 after purchasing an additional 138 shares in the last quarter. Finally, Courage Miller Partners LLC boosted its position in shares of Vanguard Short-Term Bond ETF by 0.3% during the fourth quarter. Courage Miller Partners LLC now owns 53,925 shares of the company’s stock worth $4,167,000 after purchasing an additional 141 shares in the last quarter.

Vanguard Short-Term Bond ETF Price Performance

Shares of NYSEARCA BSV opened at $77.92 on Wednesday. The company’s fifty day moving average is $77.56 and its 200-day moving average is $77.73. Vanguard Short-Term Bond ETF has a twelve month low of $75.72 and a twelve month high of $79.02.

Vanguard Short-Term Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued 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.

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).