Beacon Capital Management Inc. Cuts Stock Holdings in Vanguard Long-Term Bond ETF (NYSEARCA:BLV)

Beacon Capital Management Inc. lowered its stake in shares of Vanguard Long-Term Bond ETF (NYSEARCA:BLV) by 96.1% during the fourth quarter, Holdings Channel reports. The fund owned 22,345 shares of the company’s stock after selling 544,095 shares during the period. Vanguard Long-Term Bond ETF comprises 0.1% of Beacon Capital Management Inc.’s investment portfolio, making the stock its 26th largest position. Beacon Capital Management Inc.’s holdings in Vanguard Long-Term Bond ETF were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. SigFig Wealth Management LLC increased its position in shares of Vanguard Long-Term Bond ETF by 9.9% during the fourth quarter. SigFig Wealth Management LLC now owns 84,598 shares of the company’s stock worth $5,813,000 after acquiring an additional 7,629 shares during the period. Absolute Capital Management LLC increased its position in shares of Vanguard Long-Term Bond ETF by 20.1% during the fourth quarter. Absolute Capital Management LLC now owns 6,466 shares of the company’s stock worth $444,000 after acquiring an additional 1,082 shares during the period. Grey Fox Wealth Advisors LLC increased its position in shares of Vanguard Long-Term Bond ETF by 25.5% during the fourth quarter. Grey Fox Wealth Advisors LLC now owns 46,418 shares of the company’s stock worth $3,176,000 after acquiring an additional 9,420 shares during the period. Koss Olinger Consulting LLC increased its position in shares of Vanguard Long-Term Bond ETF by 2.6% during the fourth quarter. Koss Olinger Consulting LLC now owns 677,485 shares of the company’s stock worth $46,360,000 after acquiring an additional 17,393 shares during the period. Finally, Bank of Marin increased its holdings in Vanguard Long-Term Bond ETF by 2.2% in the fourth quarter. Bank of Marin now owns 11,880 shares of the company’s stock valued at $813,000 after buying an additional 261 shares during the last quarter.

Vanguard Long-Term Bond ETF Price Performance

NYSEARCA:BLV opened at $70.70 on Friday. The business’s fifty day moving average price is $69.47 and its 200 day moving average price is $71.13. Vanguard Long-Term Bond ETF has a 12 month low of $66.65 and a 12 month high of $76.87.

Vanguard Long-Term Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.2695 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Vanguard Long-Term Bond ETF 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).