Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Stock Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $73.98 and traded as high as $74.24. Vanguard Intermediate-Term Bond ETF shares last traded at $74.10, with a volume of 1,607,035 shares traded.

Vanguard Intermediate-Term Bond ETF Trading Up 0.3%

The business has a 50-day moving average price of $73.98 and a 200-day moving average price of $76.19.

Hedge Funds Weigh In On Vanguard Intermediate-Term Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of Vanguard Intermediate-Term Bond ETF by 1,077.4% during the 1st quarter. Fifth Third Bancorp now owns 1,496,862 shares of the company’s stock worth $115,528,000 after purchasing an additional 1,369,725 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 6.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,822,370 shares of the company’s stock valued at $983,476,000 after buying an additional 752,384 shares during the last quarter. Allied Investment Advisors LLC lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 476.9% during the 3rd quarter. Allied Investment Advisors LLC now owns 896,849 shares of the company’s stock valued at $65,344,000 after buying an additional 741,376 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,235,046 shares of the company’s stock valued at $1,858,828,000 after buying an additional 680,629 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 10.4% in the 2nd quarter. Baird Financial Group Inc. now owns 6,176,904 shares of the company’s stock valued at $473,769,000 after buying an additional 580,427 shares in the last quarter.

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.