VCI Wealth Management LLC reduced its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV – Free Report) by 6.1% in the third quarter, HoldingsChannel.com reports. The firm owned 116,941 shares of the company’s stock after selling 7,641 shares during the period. Vanguard Intermediate-Term Bond ETF comprises about 2.0% of VCI Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. VCI Wealth Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $8,520,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of BIV. Envestnet Asset Management Inc. lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 2.9% in the second quarter. Envestnet Asset Management Inc. now owns 24,235,046 shares of the company’s stock valued at $1,858,828,000 after purchasing an additional 680,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Vanguard Intermediate-Term Bond ETF by 6.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,822,370 shares of the company’s stock valued at $983,476,000 after buying an additional 752,384 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Vanguard Intermediate-Term Bond ETF by 8.1% during the first quarter. Bank of America Corp DE now owns 7,183,505 shares of the company’s stock valued at $554,423,000 after buying an additional 541,131 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Vanguard Intermediate-Term Bond ETF by 10.4% during the second quarter. Baird Financial Group Inc. now owns 6,176,904 shares of the company’s stock worth $473,769,000 after buying an additional 580,427 shares in the last quarter. Finally, True Link Financial Advisors LLC grew its holdings in Vanguard Intermediate-Term Bond ETF by 4.9% during the third quarter. True Link Financial Advisors LLC now owns 5,985,616 shares of the company’s stock worth $436,112,000 after buying an additional 279,560 shares in the last quarter.
Vanguard Intermediate-Term Bond ETF Trading Down 0.4%
Shares of Vanguard Intermediate-Term Bond ETF stock opened at $74.11 on Tuesday. The stock has a fifty day simple moving average of $73.93 and a 200 day simple moving average of $76.16. Vanguard Intermediate-Term Bond ETF has a 12-month low of $72.31 and a 12-month high of $79.08.
About Vanguard Intermediate-Term Bond ETF
Vanguard Intermediate-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with an intermediate-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. 5-10 Year Government/Credit Bond Index (the Index). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued.
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