Smart Money Group LLC Has $6.43 Million Stock Position in Vanguard Intermediate-Term Bond ETF $BIV

Smart Money Group LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 60.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 82,342 shares of the company’s stock after purchasing an additional 31,062 shares during the period. Vanguard Intermediate-Term Bond ETF makes up about 1.9% of Smart Money Group LLC’s portfolio, making the stock its 6th biggest holding. Smart Money Group LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $6,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Finemark National Bank & Trust lifted its stake in Vanguard Intermediate-Term Bond ETF by 6.7% during the third quarter. Finemark National Bank & Trust now owns 5,553 shares of the company’s stock worth $434,000 after purchasing an additional 349 shares during the last quarter. RS Crum Inc. raised its holdings in shares of Vanguard Intermediate-Term Bond ETF by 1.8% during the 3rd quarter. RS Crum Inc. now owns 41,682 shares of the company’s stock worth $3,255,000 after buying an additional 720 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Vanguard Intermediate-Term Bond ETF by 62.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 7,923 shares of the company’s stock worth $619,000 after buying an additional 3,035 shares in the last quarter. Accredited Wealth Management LLC lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 1,932.4% during the 3rd quarter. Accredited Wealth Management LLC now owns 35,262 shares of the company’s stock worth $2,754,000 after buying an additional 33,527 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in Vanguard Intermediate-Term Bond ETF by 20.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,726 shares of the company’s stock valued at $603,000 after buying an additional 1,321 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Trading Up 0.3%

Vanguard Intermediate-Term Bond ETF stock opened at $79.03 on Monday. Vanguard Intermediate-Term Bond ETF has a 12-month low of $74.44 and a 12-month high of $79.09. The business’s 50-day moving average price is $78.06 and its two-hundred day moving average price is $78.10.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be issued a dividend of $0.2514 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

Vanguard Intermediate-Term Bond ETF 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.