Kennebec Savings Bank Sells 12,462 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Kennebec Savings Bank reduced its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 71.5% during the first quarter, Holdings Channel.com reports. The fund owned 4,967 shares of the company’s stock after selling 12,462 shares during the period. Kennebec Savings Bank’s holdings in Vanguard Intermediate-Term Bond ETF were worth $383,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Covenant Asset Management LLC acquired a new position in shares of Vanguard Intermediate-Term Bond ETF in the 4th quarter worth approximately $1,177,000. Clarity Wealth Advisors LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF by 18.4% during 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 during the period. Fonville Wealth Management LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF by 34.8% during 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 during the period. Betterment LLC raised its stake 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 last quarter. Finally, Asset Allocation & Management Company LLC bought a new position in Vanguard Intermediate-Term Bond ETF during the fourth quarter worth $1,150,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

BIV stock opened at $76.42 on Wednesday. Vanguard Intermediate-Term Bond ETF has a 12-month low of $75.63 and a 12-month high of $79.08. The company’s fifty day simple moving average is $76.70 and its 200 day simple moving average is $77.42.

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.