North Ridge Wealth Advisors Inc. Increases Holdings in Vanguard Extended Treasury ETF by 8.3%

In a strategic move in the financial market, North Ridge Wealth Advisors Inc. has amplified its shares in the Vanguard Extended Duration Treasury ETF, designated by the ticker NYSEARCA:EDV, raising its ownership by 8.3% during the third quarter. The recent SEC filings show that the increase represents an acquisition of an additional 7,193 shares, bringing the total number of shares held by the wealth advisory firm in the ETF to 93,757. This significant investment has cemented EDV as a key asset in North Ridge Wealth Advisors Inc.'s portfolio, where it now accounts for 6.4% of the company's total holdings, making it the fourth largest position.

With the additional shares, North Ridge Wealth Advisors Inc.'s stake in the Vanguard Extended Duration Treasury ETF is valued at approximately $6.57 million. This demonstrates a firm belief in the ETF, which now comprises about 0.36% of its total shares in the market. This latest move by North Ridge Wealth Advisors Inc. has certainly strengthened their financial standing and showcases their confidence in the ETF's performance.

The Vanguard Extended Duration Treasury ETF, which seeks to follow the performance of the Bloomberg Barclays U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, offers an investment channel into long-term, zero-coupon U.S. Treasury securities, known as STRIPS. The ETF is managed by Vanguard, renowned for its low-cost and passive investment strategies that align with various investors' long-term financial goals.

In looking at the wider investment scene surrounding EDV, several other noteworthy investors have adjusted their stakes in the fund. From new stakes being established to substantial boosts in ownership, firms such as Credit Suisse AG, Headlands Technologies LLC, and US Bancorp DE, among others, have all taken actionable positions in EDV, signaling a broader interest in this type of long-term government debt instrument.

Vanguard Extended Duration Treasury ETF Performance Recap

The trading activity of EDV saw a minor dip of $0.07 on a recent trading day, with the unit price settling at $81.95. Despite this slight decrease, the trading volume remained solid with 174,016 shares changing hands, against an average volume of 475,050. The ETF's performance over the past year has fluctuated, with a low of $62.30 and a peak at $94.31. The ETF's pricing also reflects a fifty-day moving average of $72.98, and a two-hundred day moving average signaling a steadier $76.33.

investment, wealth, ETF