Vanguard Intermediate-Term Bond ETF $BIV Holdings Boosted by Brown Wealth Management LLC

Brown Wealth Management LLC lifted its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 14.5% in the third quarter, Holdings Channel reports. The firm owned 234,657 shares of the company’s stock after buying an additional 29,750 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for about 5.1% of Brown Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Brown Wealth Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $18,324,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Wealthcare Advisory Partners LLC increased its stake in Vanguard Intermediate-Term Bond ETF by 12.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 7,576 shares of the company’s stock worth $586,000 after buying an additional 827 shares in the last quarter. Valpey Financial Services LLC purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF during the second quarter worth $224,000. DAVENPORT & Co LLC raised its position in shares of Vanguard Intermediate-Term Bond ETF by 1.2% in the second quarter. DAVENPORT & Co LLC now owns 149,918 shares of the company’s stock valued at $11,595,000 after buying an additional 1,796 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Vanguard Intermediate-Term Bond ETF in the second quarter worth about $250,000. Finally, Defined Financial Planning LLC purchased a new stake in Vanguard Intermediate-Term Bond ETF during the 2nd quarter valued at about $2,216,000.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of BIV stock opened at $77.50 on Tuesday. Vanguard Intermediate-Term Bond ETF has a twelve month low of $74.44 and a twelve month high of $78.91. The company’s 50-day moving average price is $78.00 and its 200-day moving average price is $77.93.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be issued a $0.2738 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.