Reliant Wealth Planning Trims Position in Vanguard Intermediate-Term Bond ETF $BIV

Reliant Wealth Planning lowered its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 13.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 588,270 shares of the company’s stock after selling 91,719 shares during the period. Vanguard Intermediate-Term Bond ETF makes up approximately 14.9% of Reliant Wealth Planning’s portfolio, making the stock its biggest holding. Reliant Wealth Planning’s holdings in Vanguard Intermediate-Term Bond ETF were worth $45,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of BIV. Envestnet Asset Management Inc. increased its stake in Vanguard Intermediate-Term Bond ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,586,319 shares of the company’s stock worth $1,529,496,000 after purchasing an additional 1,016,721 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Vanguard Intermediate-Term Bond ETF by 8.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 9,911,931 shares of the company’s stock valued at $774,023,000 after purchasing an additional 805,042 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Vanguard Intermediate-Term Bond ETF by 12.6% during the second quarter. EP Wealth Advisors LLC now owns 6,071,963 shares of the company’s stock valued at $469,606,000 after purchasing an additional 677,443 shares during the period. True Link Financial Advisors LLC boosted its stake in shares of Vanguard Intermediate-Term Bond ETF by 6.4% during the third quarter. True Link Financial Advisors LLC now owns 4,852,251 shares of the company’s stock valued at $378,912,000 after purchasing an additional 289,758 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 1.9% in the third quarter. Ameriprise Financial Inc. now owns 4,052,118 shares of the company’s stock worth $315,993,000 after purchasing an additional 74,818 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Up 0.3%

Shares of NYSEARCA BIV opened at $77.65 on Wednesday. Vanguard Intermediate-Term Bond ETF has a 52 week low of $74.44 and a 52 week high of $79.08. The firm’s fifty day moving average is $78.04 and its 200 day moving average is $78.14.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.2514 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Vanguard Intermediate-Term Bond ETF Company 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). 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.