Core Insights - Wealthstar Advisors sold 82,700 shares of the Vanguard Total Corporate Bond ETF, valued at approximately $6.47 million, indicating a reduction in their investment position [2][3] - The total value of Wealthstar's position in the ETF decreased by $6.49 million, reflecting both trading and price changes [2] - Following the sale, the Vanguard Total Corporate Bond ETF represented only 0.21% of Wealthstar Advisors' reportable assets under management [3] ETF Overview - The Vanguard Total Corporate Bond ETF has an Assets Under Management (AUM) of $1.51 billion and a price of $77.96 as of January 29 [4] - The ETF offers a yield of 4.74% and has delivered a total return of 7.5% over the past year [4] - The ETF tracks the Bloomberg U.S. Corporate Bond Index, providing exposure to investment-grade, fixed-rate, taxable U.S. corporate bonds [8] Investment Strategy - The ETF employs a low-cost, index-based strategy that provides diversified access to the U.S. investment-grade corporate bond market [6] - It is structured as a fund of funds ETF, emphasizing broad market coverage and efficient expense management [8] - The fund's performance reflects macroeconomic conditions, with a total return of 7.51% over the past year attributed to declining yields and stable credit spreads [10] Market Implications - The sale by Wealthstar Advisors suggests a preference for tighter control over interest rate sensitivity rather than a negative outlook on corporate balance sheets [9] - The broader corporate bond exposure offers diversification but may limit flexibility in response to changing rate expectations [11] - The transaction appears to be more about duration management than market timing, indicating a strategic rebalancing rather than a bearish sentiment [11]

Core Insights - Moseley Investment Management disclosed the purchase of 136,173 additional shares of the iShares iBonds Dec 2028 Term Treasury ETF (IBTI) for approximately $3 million, increasing its total stake to 651,411 shares [2][3][7] Investment Strategy - The acquisition of IBTI now represents 4.4% of Moseley's reportable assets under management, making it the fund's second-largest asset [3][9] - This move indicates a strategic shift towards fixed income investments, as IBTI and another term Treasury ETF (IBTG) together account for nearly 9% of total assets [9][10] ETF Performance - As of the latest market close, IBTI shares were priced at $22.44, reflecting a 1.6% increase over the past year, compared to an 18% gain for the S&P 500 [3] - The ETF offers a 12-month trailing yield of 3.9% and a 1-year total return of 3.4% [4] ETF Characteristics - IBTI focuses on U.S. Treasury securities maturing in 2028, providing predictable income and principal return at maturity [6][8] - The fund maintains a non-diversified structure with at least 90% allocation to Treasuries, designed for capital preservation and bond laddering [10][12]