Vanguard Intermediate-Term Bond ETF $BIV Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC cut its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 42.5% in the first quarter, HoldingsChannel.com reports. The firm owned 9,415 shares of the company’s stock after selling 6,964 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $727,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. EP Wealth Advisors LLC purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 4th quarter valued at about $672,555,000. Northwestern Mutual Wealth Management Co. lifted its position in Vanguard Intermediate-Term Bond ETF by 13.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,227,638 shares of the company’s stock valued at $874,408,000 after buying an additional 1,315,707 shares during the last quarter. Wells Fargo & Company MN lifted its position in Vanguard Intermediate-Term Bond ETF by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 25,526,720 shares of the company’s stock valued at $1,988,021,000 after buying an additional 1,249,895 shares during the last quarter. Morgan Stanley boosted its stake in Vanguard Intermediate-Term Bond ETF by 11.8% during the fourth quarter. Morgan Stanley now owns 7,471,592 shares of the company’s stock worth $581,888,000 after buying an additional 790,288 shares during the period. Finally, Cornerstone Planning Group LLC boosted its stake in Vanguard Intermediate-Term Bond ETF by 680,593.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 530,941 shares of the company’s stock worth $41,313,000 after buying an additional 530,863 shares during the period.

Vanguard Intermediate-Term Bond ETF Trading Up 0.2%

Shares of BIV opened at $76.08 on Friday. Vanguard Intermediate-Term Bond ETF has a 1-year low of $75.63 and a 1-year high of $79.08. The firm has a 50-day simple moving average of $76.49 and a two-hundred day simple moving average of $77.30.

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.