Richmond Brothers Inc. Invests $2.73 Million in Vanguard Extended Duration Treasury ETF $EDV

Richmond Brothers Inc. bought a new position in shares of Vanguard Extended Duration Treasury ETF (NYSEARCA:EDV) during the 4th quarter, HoldingsChannel reports. The fund bought 42,058 shares of the company’s stock, valued at approximately $2,734,000. Vanguard Extended Duration Treasury ETF accounts for about 1.7% of Richmond Brothers Inc.’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitlin John LLC acquired a new position in shares of Vanguard Extended Duration Treasury ETF during the 3rd quarter worth approximately $60,000. MAI Capital Management boosted its holdings in shares of Vanguard Extended Duration Treasury ETF by 1,931.8% during the 3rd quarter. MAI Capital Management now owns 894 shares of the company’s stock worth $61,000 after purchasing an additional 850 shares during the last quarter. Elevated Capital Advisors LLC acquired a new position in shares of Vanguard Extended Duration Treasury ETF during the 4th quarter worth approximately $149,000. Capital Square LLC acquired a new position in shares of Vanguard Extended Duration Treasury ETF during the 3rd quarter worth approximately $210,000. Finally, Creative Planning acquired a new position in shares of Vanguard Extended Duration Treasury ETF during the 2nd quarter worth approximately $212,000.

Vanguard Extended Duration Treasury ETF Stock Performance

Shares of Vanguard Extended Duration Treasury ETF stock opened at $64.50 on Friday. The stock’s 50 day simple moving average is $63.66 and its 200-day simple moving average is $65.39. Vanguard Extended Duration Treasury ETF has a 1-year low of $60.49 and a 1-year high of $71.31.

About Vanguard Extended Duration Treasury ETF

Vanguard Extended Duration Treasury ETF (the Fund) is an exchange-traded share class of Vanguard Extended Duration Treasury Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. The Index measures the investment return of Treasury STRIPS, coupon and principal, with maturities ranging from 20 to 30 years. A Treasury STRIP represents a single coupon payment, or a single principal payment, from a United States Treasury security that has been stripped into separately tradable components.