Pines Wealth Management LLC Invests $4.52 Million in Vanguard Short-Term Bond ETF (NYSEARCA:BSV)

Pines Wealth Management LLC purchased a new position in shares of Vanguard Short-Term Bond ETF (NYSEARCA:BSV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,749 shares of the company’s stock, valued at approximately $4,522,000. Vanguard Short-Term Bond ETF makes up approximately 2.0% of Pines Wealth Management LLC’s investment portfolio, making the stock its 12th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in BSV. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Short-Term Bond ETF by 21.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,255,805 shares of the company’s stock valued at $1,751,309,000 after purchasing an additional 3,984,419 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Vanguard Short-Term Bond ETF by 7.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 25,442,677 shares of the company’s stock worth $1,934,771,000 after buying an additional 1,798,704 shares during the period. International Assets Investment Management LLC increased its holdings in Vanguard Short-Term Bond ETF by 9,200.9% in the third quarter. International Assets Investment Management LLC now owns 1,235,531 shares of the company’s stock valued at $97,224,000 after buying an additional 1,222,247 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Vanguard Short-Term Bond ETF by 341.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,100,236 shares of the company’s stock valued at $86,578,000 after acquiring an additional 850,753 shares during the period. Finally, Empower Advisory Group LLC lifted its position in shares of Vanguard Short-Term Bond ETF by 4.9% during the 3rd quarter. Empower Advisory Group LLC now owns 15,200,448 shares of the company’s stock valued at $1,196,123,000 after acquiring an additional 711,531 shares during the period.

Vanguard Short-Term Bond ETF Stock Performance

BSV opened at $76.98 on Wednesday. Vanguard Short-Term Bond ETF has a 1-year low of $75.72 and a 1-year high of $79.02. The stock’s 50 day simple moving average is $77.35 and its 200 day simple moving average is $77.70.

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).