Diversified Portfolios Inc. Sells 49,341 Shares of Vanguard Short-Term Bond ETF $BSV

Diversified Portfolios Inc. reduced its stake in Vanguard Short-Term Bond ETF (NYSEARCA:BSV) by 26.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 138,839 shares of the company’s stock after selling 49,341 shares during the quarter. Vanguard Short-Term Bond ETF makes up approximately 1.0% of Diversified Portfolios Inc.’s holdings, making the stock its 26th biggest holding. Diversified Portfolios Inc.’s holdings in Vanguard Short-Term Bond ETF were worth $10,956,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in Vanguard Short-Term Bond ETF in the 2nd quarter valued at $28,000. Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Vanguard Short-Term Bond ETF by 253.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 389 shares of the company’s stock valued at $31,000 after acquiring an additional 279 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Vanguard Short-Term Bond ETF by 104.9% in the 3rd quarter. Sound Income Strategies LLC now owns 506 shares of the company’s stock valued at $40,000 after purchasing an additional 259 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Vanguard Short-Term Bond ETF in the 2nd quarter worth about $43,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Vanguard Short-Term Bond ETF during the 2nd quarter worth about $45,000.

Vanguard Short-Term Bond ETF Price Performance

Shares of BSV stock opened at $78.77 on Thursday. Vanguard Short-Term Bond ETF has a 12-month low of $77.59 and a 12-month high of $79.32. The firm has a 50-day moving average price of $78.88 and a 200 day moving average price of $78.89.

Vanguard Short-Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.2415 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd.

Vanguard Short-Term Bond ETF Profile

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). 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 between 1 and 5 years and are publicly issued.