Vanguard Intermediate-Term Bond ETF $BIV Shares Sold by Richmond Brothers Inc.

Richmond Brothers Inc. cut its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 25.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,581 shares of the company’s stock after selling 25,057 shares during the quarter. Vanguard Intermediate-Term Bond ETF comprises approximately 3.5% of Richmond Brothers Inc.’s portfolio, making the stock its 12th largest holding. Richmond Brothers Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $5,575,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BIV. Kelleher Financial Advisors acquired a new position in Vanguard Intermediate-Term Bond ETF in the third quarter valued at $30,000. Texas Capital Bancshares Inc TX acquired a new position in Vanguard Intermediate-Term Bond ETF in the third quarter valued at $31,000. N.E.W. Advisory Services LLC increased its stake in Vanguard Intermediate-Term Bond ETF by 96.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 500 shares of the company’s stock valued at $39,000 after purchasing an additional 245 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Vanguard Intermediate-Term Bond ETF in the fourth quarter valued at $41,000. Finally, Global Trust Asset Management LLC acquired a new position in Vanguard Intermediate-Term Bond ETF in the fourth quarter valued at $45,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

NYSEARCA BIV opened at $76.58 on Friday. Vanguard Intermediate-Term Bond ETF has a one year low of $75.63 and a one year high of $79.08. The firm’s fifty day moving average is $76.80 and its two-hundred day moving average is $77.54.

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.