Shepherd Financial Partners LLC has reduced its stake in the Vanguard Short-Term Bond ETF (NYSEARCA: BSV) by 29.1% during the second quarter of 2023. The financial firm sold 7,473 shares, leaving it with a total of 18,230 shares valued at approximately $1.435 million as reported in its latest filing with the Securities and Exchange Commission.
The move is part of a broader trend among institutional investors adjusting their holdings in the Vanguard Short-Term Bond ETF. Atlantic Union Bankshares Corp entered the market with a new position in the ETF valued at about $28,000 during the same quarter. Additionally, Angeles Wealth Management LLC acquired a stake worth approximately $30,000, while Bogart Wealth LLC increased its position by 90.2%, purchasing an extra 231 shares to reach a total of 487 shares worth around $38,000.
Trust Co. of Toledo NA OH and Cedar Wealth Management LLC also made significant investments, with Trust Co. acquiring shares valued at about $39,000 and Cedar Wealth Management LLC investing approximately $45,000.
Current Performance of Vanguard Short-Term Bond ETF
As of the latest trading session, shares of the Vanguard Short-Term Bond ETF opened at $78.78. The ETF has experienced a low of $76.93 and a high of $79.21 over the past twelve months. Its 50-day moving average stands at $78.93, with a 200-day moving average of $78.64.
The Vanguard Short-Term Bond ETF aims to track a market-weighted bond index with a short-term dollar-weighted average maturity. It employs a passive management strategy designed to mirror the performance of the Barclays Capital U.S. 1-5 Year Government/Credit Bond Index.
Investors can stay informed about the latest developments concerning the Vanguard Short-Term Bond ETF by accessing resources such as HoldingsChannel.com, which provides updates on hedge fund holdings, 13F filings, and insider trades related to the ETF.
