Kovack Advisors Inc. Grows Position in Vanguard Long-Term Bond ETF (NYSEARCA:BLV)

Kovack Advisors Inc. grew its holdings in Vanguard Long-Term Bond ETF (NYSEARCA:BLV) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,570 shares of the company’s stock after acquiring an additional 242 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Long-Term Bond ETF were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. LPL Financial LLC lifted its position in shares of Vanguard Long-Term Bond ETF by 6.9% in the third quarter. LPL Financial LLC now owns 2,534,316 shares of the company’s stock valued at $190,505,000 after acquiring an additional 163,370 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Vanguard Long-Term Bond ETF by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,383,163 shares of the company’s stock valued at $94,650,000 after acquiring an additional 86,231 shares in the last quarter. ETF Portfolio Partners Inc. lifted its position in shares of Vanguard Long-Term Bond ETF by 13.7% in the fourth quarter. ETF Portfolio Partners Inc. now owns 431,041 shares of the company’s stock valued at $29,496,000 after acquiring an additional 51,804 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Vanguard Long-Term Bond ETF by 1.8% in the third quarter. Janney Montgomery Scott LLC now owns 427,224 shares of the company’s stock valued at $32,114,000 after acquiring an additional 7,513 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Vanguard Long-Term Bond ETF by 8.8% in the third quarter. US Bancorp DE now owns 405,849 shares of the company’s stock valued at $30,508,000 after acquiring an additional 32,880 shares in the last quarter.

Vanguard Long-Term Bond ETF Stock Performance

Shares of Vanguard Long-Term Bond ETF stock opened at $71.56 on Friday. The stock’s 50-day simple moving average is $68.88 and its 200-day simple moving average is $71.52. Vanguard Long-Term Bond ETF has a 52 week low of $66.64 and a 52 week high of $76.87.

Vanguard Long-Term Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd will be issued a $0.2695 dividend. The ex-dividend date is Monday, March 3rd.

About Vanguard Long-Term Bond ETF

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).