Burt Wealth Advisors Increases Stake in Vanguard Intermediate-Term Bond ETF $BIV

Burt Wealth Advisors grew its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 3.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 458,065 shares of the company’s stock after buying an additional 13,140 shares during the quarter. Vanguard Intermediate-Term Bond ETF comprises approximately 8.8% of Burt Wealth Advisors’ portfolio, making the stock its 3rd largest holding. Burt Wealth Advisors’ holdings in Vanguard Intermediate-Term Bond ETF were worth $35,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Valeo Financial Advisors LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF in the second quarter worth about $250,000. Leo Wealth LLC bought a new stake in shares of Vanguard Intermediate-Term Bond ETF during the second quarter valued at approximately $341,000. Blair William & Co. IL increased its holdings in shares of Vanguard Intermediate-Term Bond ETF by 4.4% in the second quarter. Blair William & Co. IL now owns 110,041 shares of the company’s stock valued at $8,511,000 after purchasing an additional 4,653 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Vanguard Intermediate-Term Bond ETF in the 2nd quarter worth approximately $214,000. Finally, FinDec Wealth Services Inc. lifted its holdings in Vanguard Intermediate-Term Bond ETF by 80.1% during the 2nd quarter. FinDec Wealth Services Inc. now owns 15,998 shares of the company’s stock worth $1,237,000 after buying an additional 7,113 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Trading Down 0.0%

Shares of BIV opened at $77.88 on Friday. The business’s fifty day moving average price is $77.91 and its two-hundred day moving average price is $77.95. Vanguard Intermediate-Term Bond ETF has a 52 week low of $74.44 and a 52 week high of $78.91.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.2738 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend 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.