Cornerstone Wealth Management LLC Trims Stock Holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Cornerstone Wealth Management LLC decreased its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 1.3% during the first quarter, HoldingsChannel reports. The fund owned 115,458 shares of the company’s stock after selling 1,524 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $8,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BIV. Flagship Wealth Advisors LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF in the fourth quarter valued at approximately $25,000. Montag A & Associates Inc. increased its holdings in Vanguard Intermediate-Term Bond ETF by 112.9% during the 4th quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock worth $28,000 after acquiring an additional 201 shares during the period. Park Square Financial Group LLC purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth approximately $51,000. GSB Wealth Management LLC purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 1st quarter worth approximately $51,000. Finally, Hurley Capital LLC bought a new position in Vanguard Intermediate-Term Bond ETF in the 4th quarter valued at $55,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

BIV opened at $76.32 on Wednesday. Vanguard Intermediate-Term Bond ETF has a one year low of $73.72 and a one year high of $78.89. The company has a fifty day moving average price of $75.99 and a 200-day moving average price of $75.67.

Vanguard Intermediate-Term Bond ETF Profile

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).