Focus Financial Network Inc. has reduced its stake in the Vanguard Long-Term Bond ETF (NYSEARCA:BLV) by 11.0% during the second quarter of 2023. According to its latest filing with the Securities and Exchange Commission, the firm sold 3,774 shares, leaving it with a total of 30,643 shares valued at approximately $2,131,000.
This decision reflects a broader trend among institutional investors who have recently adjusted their holdings in the Vanguard Long-Term Bond ETF. For instance, Howe & Rusling Inc. significantly increased its investment in the ETF by 48.3% in the first quarter of 2023, acquiring an additional 154 shares, bringing its total to 473 shares valued at $33,000.
Other Institutional Movements
Veridan Wealth LLC also expanded its position in the ETF by 0.3% during the same quarter, now holding 66,030 shares worth $4,650,000 after purchasing an additional 194 shares. Meanwhile, the Bank of Hawaii increased its stake by 0.8%, resulting in ownership of 26,716 shares valued at $1,881,000 after acquiring 199 more shares.
Raleigh Capital Management Inc. and Parallel Advisors LLC have also made notable adjustments. Raleigh Capital increased its stake by 9.2%, resulting in ownership of 2,468 shares valued at $174,000, while Parallel Advisors boosted its holdings by 48.4%, acquiring 638 shares valued at $45,000.
Despite these movements, shares of the Vanguard Long-Term Bond ETF opened at $70.91 on Friday, marking a slight decline of 0.6%. The stock’s performance has been fluctuating, with a 50-day moving average of $69.27 and a 200-day moving average of $68.86. Over the past year, the ETF has experienced a low of $65.71 and a high of $75.79.
Understanding Vanguard Long-Term Bond ETF
The Vanguard Long-Term Bond ETF aims to track the performance of a market-weighted bond index characterized by a long-term dollar-weighted average maturity. It utilizes a passive management strategy designed to follow the Barclays Capital U.S. Long Government/Credit Bond Index.
Investors interested in the latest transactions and holdings related to the Vanguard Long-Term Bond ETF can refer to resources such as HoldingsChannel.com for updated 13F filings and insider trades. Additionally, MarketBeat.com offers a free daily newsletter summarizing news and analysts’ ratings related to the ETF and similar investment opportunities.
