Clark Asset Management LLC Buys 22,359 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Clark Asset Management LLC lifted its position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 9.6% in the first quarter, Holdings Channel reports. The firm owned 255,556 shares of the company’s stock after buying an additional 22,359 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for 1.9% of Clark Asset Management LLC’s investment portfolio, making the stock its 14th largest holding. Clark Asset Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $19,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Covenant Asset Management LLC bought a new stake in shares of Vanguard Intermediate-Term Bond ETF in the 4th quarter valued at about $1,177,000. Clarity Wealth Advisors LLC raised its stake in Vanguard Intermediate-Term Bond ETF by 18.4% in the fourth quarter. Clarity Wealth Advisors LLC now owns 135,024 shares of the company’s stock worth $10,516,000 after buying an additional 21,013 shares in the last quarter. Fonville Wealth Management LLC raised its stake in Vanguard Intermediate-Term Bond ETF by 34.8% in the fourth quarter. Fonville Wealth Management LLC now owns 177,008 shares of the company’s stock worth $13,785,000 after buying an additional 45,702 shares in the last quarter. Betterment LLC lifted its holdings in Vanguard Intermediate-Term Bond ETF by 7.2% during the third quarter. Betterment LLC now owns 282,041 shares of the company’s stock worth $22,025,000 after buying an additional 19,017 shares during the period. Finally, Asset Allocation & Management Company LLC purchased a new stake in Vanguard Intermediate-Term Bond ETF during the fourth quarter worth $1,150,000.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of NYSEARCA BIV opened at $76.53 on Monday. The stock’s fifty day simple moving average is $76.74 and its two-hundred day simple moving average is $77.45. Vanguard Intermediate-Term Bond ETF has a 12-month low of $75.63 and a 12-month high of $79.08.

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.